Cautious Risk-taking
Don’t test the depth of the river with both your feet while taking the risk
The Power of a 5/1 Risk-Reward Ratio
5/1 risk/reward ratio allows you to have a hit rate of 20%. I can actually be a complete imbecile. I can be wrong 80% of the time and still not lose
Always be Patient
The question should not be how much I will profit on this trade! The true question is; will I be fine if I don’t profit from this trade
Learn Money Management
Investing in yourself is the best thing you can do, and as a part of investing in yourself; you should learn more about money management.
Best Risk-Reward Opportunities
You never know what kind of setup market will present to you, your objective should be to find an opportunity where risk-reward ratio is best
It is Volatile
In trading, everything works sometimes and nothing works always.
Mindset of Trading
Amateurs think about how much money they can make. Professionals think about how much money they could lose
Determining Stock Value
The only true test of whether a stock is “cheap” or “high” is not its current price in relation to some former price, no matter how accustomed we may have become to that former price, but whether the company’s fundamentals are significantly more or less favorable than the current financial-community appraisal of that stock.
Stock Price Movements
Stock price movements actually begin to reflect new developments before it is generally recognized that they have taken place
The Emotional Trap in Trading
Never confuse your position with your best interest. Many traders take a position in a stock and form an emotional attachment to it. They’ll start losing money, and instead of stopping themselves out, they’ll find brand new reasons to stay in. When in doubt, get out.