Some trading words of wisdom

Discussion in 'Trading' started by Anglo_pride, Aug 28, 2023.

  1. At least for me, when I make a very profitable day trade thats based on strategy and not a “
    Blind trade” with my fingers crossed, i walk away for the day. Most times when a good trade is made and you dont walk away, you end up giving some back. Why give it back? Some days will give small opportunities so take a small scrap but dont look for more than that. Hey, thats called ring generalship.
    Oh , someone will ask - “ define profitable trade”.. well, thats relative.
     
  2. SunTrader

    SunTrader

    "Wisdom" is following one's own rules and path. Not someone else's.
     
  3. Redneck

    Redneck


    Always manage one's self -in all aspects of life

    RN
     
    Jzwu2017 likes this.
  4. schizo

    schizo

    “Amateurs practice until they get it right; professionals practice until they can’t get it wrong.” — Unknown

    On that note, amateurs like to judge their success by their winning trades (eg. how much they've made), whereas the pros judge their success by how they managed their losing trades.
     
  5. vanzandt

    vanzandt

    Every time I see your avatar, I always hearken back to a previously lost, but recently found.... picture of my dear Muttley.

    upload_2023-8-29_0-49-42.jpeg

    It's not Halloween.... but for the record.... the Blue Moon shines brightly this time tomorrow night.:sneaky:
     
    Redneck likes this.
  6. Redneck

    Redneck


    RN


    [​IMG]
     
    vanzandt likes this.
  7. You are gonna lose money, accept it.
     
  8. Good Morning Anglo_pride,

    Make money year to year for the next X to XX years.

    That is the only trading advice I need