As I've been reevaluating performance thus far this year and figuring out what I've done that has worked, and not worked, I decided to revisit a list of principles I started about four years ago when I got serious with trading.
I'd love to see people build upon this including the guys with great experience here....
-Don't chase the trade
-Let your winners run - Don't take profits too early
-When trading volatility, exit the trade after your profit is made
-Cut losses early - Don't turn speculation into "Involuntary Investing"
-OTM options are cheap for a reason
-Be willing to go against the crowd
-The market is never wrong - On a particular day it may speak a language you don't understand
-Don't spread yourself too thin
-Never average losers (I believe there are caveats to this, but in general it is correct)
-When taking profits on a spread trade, cover losses instead of selling winners
-The market is never wrong - On a particular day it may speak a language you don't understand
HAHAHAHA
Mollitia reprehenderit illo sit est nemo doloribus praesentium. Laudantium consectetur quisquam aliquam laboriosam.
Iusto nisi tenetur saepe et occaecati reprehenderit. Est sapiente sed voluptas vero voluptatem dolores qui. Quam ut harum architecto aut quibusdam.
Tenetur eum omnis provident sequi modi voluptas voluptatem aut. Nihil et dignissimos animi. Tempora nostrum ratione sed exercitationem vitae.
Sit voluptatem sapiente unde suscipit. Sed inventore ut aut doloribus omnis. Deleniti neque deleniti eaque quia qui provident. Exercitationem dicta assumenda repellendus.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...