That's a good way to put it - from all the data and all the
analysis - what you expect to happen - most likely will not - and
what does happen is something you probably did not expect - hence
the advice of Matt and Steve and this site - manage your positions
in accordance with your plan and risk tolerance.
That's the best advice "trim and tail" as Matt and Steve say.
In my younger days, so many times I had good gains in a
position and watch it turn into losses. And there are times I
sold too early (ex. Bought Apple back in the day when
it was trading at $43/share. I sold it when it hit $150).
FB at $25 sold at $100. Although I was fine putting
those profits back into my trading account. Anyway. I
have found that have a sound trading system with a sound trading
plan is what makes traders the most successful. Just like you
would have if you owned a company (a business plan for each month,
6 months, one year, etc...).
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That's a good way to
Who's ready for the downside?
Posted by tahoe on 20th of Apr 2020 at 05:40 pm
That's a good way to put it - from all the data and all the analysis - what you expect to happen - most likely will not - and what does happen is something you probably did not expect - hence the advice of Matt and Steve and this site - manage your positions in accordance with your plan and risk tolerance.
That's the best advice "trim
Posted by ssaffer on 20th of Apr 2020 at 05:56 pm
That's the best advice "trim and tail" as Matt and Steve say. In my younger days, so many times I had good gains in a position and watch it turn into losses. And there are times I sold too early (ex. Bought Apple back in the day when it was trading at $43/share. I sold it when it hit $150). FB at $25 sold at $100. Although I was fine putting those profits back into my trading account. Anyway. I have found that have a sound trading system with a sound trading plan is what makes traders the most successful. Just like you would have if you owned a company (a business plan for each month, 6 months, one year, etc...).