trading experiences

Discussion in 'Trading' started by Goldlover, Aug 29, 2023.

  1. What specific lessons have you learned from your trading experiences that have had a lasting impact on your strategies?
     
    murray t turtle likes this.
  2. mervyn

    mervyn

    don't trade penny stocks.
     
    Goldlover and murray t turtle like this.
  3. %%
    DONT trade penny stocks.
    Study trends + trends in your trading notebook.
    WHEN they reverse split something like TZA or C, citigroup; doesnt mean one cant trade it; but like WSJ noted ,capital is being destroyed .
    SO 10 to 1 reverse split means C=really $4.15 even though its labeled$ 41.50
    50dma + 200dma , 50 week moving average helps;
    I dont use 40 week moving aVerage like IBD does sometimes........
     
  4. Redneck

    Redneck

    Everyone of them - otherwise I put in the work to un-learn and re-learned what actually worked..., in that particular one's place

    If I were to list them it would encompass the entirety of me - sounds like a lot of work


    There are a handful of universal truths - everything else is custom to that particular individual


    RN
     
    Last edited: Aug 29, 2023
  5. The market is always changing. What works during some periods might not work during other periods.

    Fundamentals don't matter much

    This market always wants to go up and to never fear a drop because it's insanely difficult for the market to ever sustain a lower move.
     
  6. Although market dynamics can be unpredictable, it is important to stay informed and modify approaches as necessary.
     
  7. Trading makes money, investing requires luck.
     
  8. Stick to the DAMN process.... Every. Damn. Time
     
  9. Hello Goldlover,

    Make money