%% I like his book\American Hedge Fund; and strangely his audited private account did much much better than his hedge fund/years. Are you saying penny stocks are living their name??LOL Don't do much social media, myself; its like Dr Stanley noted in Millionaire Mind= big waste of time \standing in lotto line.
Success in life and trading comes with consistency. So, be regular with trading and learning new things about the market. Keep a trading journal. It will surely be very helpful in your journey.
I can totally relate with you that we can only get better with consistency, Earlier I used to not understand my weak points while trading but consistency really helped me to get clarity of my doubts in trading.
Success in trading also comes with the ability to cope with the psychological aspect, when a trader has endurance, discipline, lack of greed, haste and excitement. Without this, any trading strategy can be turned into a losing one by impulsive and unreasonable actions.
Dr. Stanley nailed it with that comparison. As for penny stocks, they’re definitely a mixed bag. Sometimes they live up to the hype, but most of the time, they really do 'live their name.' It’s interesting about his private account doing better—seems like a reminder that smaller, focused strategies can outperform broader funds!
It is also important to observe the principles of risk management — not to risk too much in one transaction and to use stop losses. This helps limit losses and preserve capital for further trading. It is also necessary to control non-trading risks by choosing a reliable regulated broker with favorable trading conditions and timely withdrawal of profits. In this regard, I liked fxopen with a license from FCA.