Personal Financial Advisor for WellsFargo
Emotional discipline Key Success
The key to trading success is emotional discipline. If intelligence were the key, there would be a lot more people making money trading… I know this will sound like a cliché, but the single most important reason that people lose money in the financial markets is that they don’t cut their losses short.
Investment Psychology
I think investment psychology is by far the more important element, followed by risk control, with the least important consideration being the question of where you buy and sell.
Always Dreamed And Never Give Up
When I get hurt in the market, I get the hell out. It doesn’t matter at all where the market is trading. I just get out, because I believe that once you’re hurt in the market, your decisions are going to be far less objective than they are when you’re doing well… If you stick…
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