From Market Wizard Series - Mark Minervini
To excel in the market, develop a strategy to fit your personality.
Containing the losses, is 90% of the battle
Stocks that hold up during a market corrections, are the first to rebound.
To be a great trader, you have to love trading and have the passion for it.
The key is to learn to do nothing, and not trade in absence of a setup entry.
Keep stop loss relative to expected gain.
The biggest mistake is to not learn from failure.
From Market Wizard Series - Stuart Wilton
The hardest thing to do is the right thing to do, and the most difficult lesson to learn.
Better to trade stocks showing linearity than those that move all over the place.
Get out of the position if not comfortable with the way the stock is trading.
Buying back a stock at a higher price after exiting at lower price should not be a bother.
Evaluate market sentiment and wait for the price to confirm the market.
Buy extreme weakness, sell extreme strength.
Always buy and sell 'at the market'
Any sound system will work. The problem is that traders double guess their system, and don't give it time to prove itself.
No matter how successful you become, if you get your ego get involved, you can loose everything.
Someone who has a streak of winning trades is in a dangerous.
A successful trader is unemotional, disciplined, hardworking and has the ability to pull the trigger.
To excel in the market, develop a strategy to fit your personality.
Containing the losses, is 90% of the battle
Stocks that hold up during a market corrections, are the first to rebound.
To be a great trader, you have to love trading and have the passion for it.
The key is to learn to do nothing, and not trade in absence of a setup entry.
Keep stop loss relative to expected gain.
The biggest mistake is to not learn from failure.
From Market Wizard Series - Stuart Wilton
The hardest thing to do is the right thing to do, and the most difficult lesson to learn.
Better to trade stocks showing linearity than those that move all over the place.
Get out of the position if not comfortable with the way the stock is trading.
Buying back a stock at a higher price after exiting at lower price should not be a bother.
Evaluate market sentiment and wait for the price to confirm the market.
Buy extreme weakness, sell extreme strength.
Always buy and sell 'at the market'
Any sound system will work. The problem is that traders double guess their system, and don't give it time to prove itself.
No matter how successful you become, if you get your ego get involved, you can loose everything.
Someone who has a streak of winning trades is in a dangerous.
A successful trader is unemotional, disciplined, hardworking and has the ability to pull the trigger.
