trading
Monday 27 June 2022
This is a bounce in a bear market and it can last for a few days to as long as a few weeks. Whenever you have durration corrections in bear markets, it takes long to bottom. Not entering rrsp now as this could fail Better to wait for confirmation. Compound from a higher equity base.
Don't forget to enjoy the ride.
Tuesday 14 June 2022
Monday 13 June 2022
Friday 10 June 2022
Thursday 9 June 2022
Wednesday 1 June 2022
What is your edge? It's your ability to apply your strategy and make it work for you. You are your real edge.
You have to have a profitable method and a consistant aproach to the markets, but you know you are your real edge and that first and foremost you have to take care of yourself.
In your business/trading plan:"Include a provision that will keep you from trading if outside circumstances create an unusual stress", such as health, divorce, or a major move. You might as well just write check out of your trading account and kiss it goodbuy. This is a hard thing to recognize before it is to late. People LOSE money during times of ten major stresses: death, taxes, divorce, moving, health.....you get the point. Trading is a performance oriented discipline. If you can't perform well, cancel the show..... If a tenis player severly sprains his ankle, he cancels the match. Why do damage to your ratings? Why mar your statistical record with sub-optimal performance? Markets will always be there!
Monday 30 May 2022
Wednesday 25 May 2022
Tuesday 24 May 2022
Friday 20 May 2022
Friday 13 May 2022
Wednesday 11 May 2022
It will take more than just a bounce to establish a reliable bottom.
"With the market in correction this is where the willingness to exercise "sit out power" is the key. Remember, while you do nothing... less experienced, lesser disciplined and less skilled investors lay the groundwork for your success. They build the bases, I buy the breakouts."
Tuesday 10 May 2022
Monday 9 May 2022
Thursday 5 May 2022
Tuesday 3 May 2022
We raise by lifting others.
"With the market in correction this is where the willingness to exercise "sit out power" is the key. Remember, while you do nothing... less experienced, lesser disciplined and less skilled investors lay the groundwork for your success. They build the bases, I buy the breakouts."
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