Discussion in 'Professional Trading' started by Vincent S. Ashmore, Jan 26, 2016.
"You shouldn't believe everything you read on the Internet" - Abraham Lincoln.
LOL "Lincoln" <---- and all this time I thought it was Al Gore
Advice from my first broker many years ago:
Shit happens. Be prepared for it.
"You' d better learn about matching algorithms"...
"Never hate your enemies, it affects your judgement"
& "Keep your friends close, but your enemies closer"
- The GodFather
In wealth building "spend less than you earn and invest the difference", in trading "never risk more than 1% of your equity"
Buy a new house (or resale) every 10 years. Between the forced savings (mortgage), appreciation and inflation, you'll end up way ahead of the game.
...I know my reply may seem like an amateur/noob trader thing to say, but oh well -- this is what moved me.
Greed is good in of itself, and also on the flip side of the coin...its subsequent consequences.
"It can't be done"
"Trading is about managing risk, not about maximizing profit: your primary responsibility when you sit down at 9.00 this morning to start trading is to be able to sit down again at 9.00 tomorrow morning to start trading."
(And one more: "Buy the dips in an uptrend and sell the peaks in a downtrend" has also been pretty good to me, and is what several of my methods boil down to.)
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