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Tag: United states

Embrace Small Losses to Avoid Catastrophic Ones

Embrace Small Losses to Avoid Catastrophic Ones

If you can’t take a small loss, sooner or later you will take the mother of all losses.

The True Purpose: Start a Company to Change the World

The True Purpose: Start a Company to Change the World

There are lots of bad reasons to start a company. But there’s only one good, legitimate reason, and I think you know what it is: It’s to change the world.

Embrace the Unknown: Your Greatest Asset for Innovation

Embrace the Unknown: Your Greatest Asset for Innovation

Embrace what you don’t know, especially in the beginning, because what you don’t know can become your greatest asset. It ensures that you will absolutely be doing things different from everybody else.

Always Dreamed And Never Give Up

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…

Cultivating Fearlessness

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.

Cautious Risk-taking

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

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

Best Risk-Reward Opportunities

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

Mindset of Trading

Mindset of Trading

Amateurs think about how much money they can make. Professionals think about how much money they could lose

The Emotional Trap in Trading

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.