Tag: Real Estate
Elements of good trading
The elements of good trading are: (1) cutting losses (2) cutting losses, and (3) cutting losses. If you can follow these three rules, you may have a chance.
Right Strategy to Outperform
Many investors make the mistake of buying high and selling low while the exact opposite is the right strategy to outperform over the long term
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.
Risk-Reward Ratio
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.
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.
My Strategy is Dynamic and Ever-Evolving
I have been trading for decades and I am still standing. I have seen a lot of traders come and go. They have a system or a program that works in some specific environments and fails in others. In contrast, my strategy is dynamic and ever-evolving. I constantly learn and change.
Cultivating Fearlessness
Fearlessness is like a muscle. I know from my own life that the more I exercise it, the more natural it becomes to not let my fears run me.
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.