Hello everyone!
This post is designed to make you reflect about your trading approach. A trader should have principles and rules to be successful.
Read bellow some good rules to inspire you to develop your own set of rules.
- Nothing new ever occurs in the business of speculating or investing in securities and commodities.
- Money cannot consistently be made every day or every week during the year.
- Don’t trust or own opinion and back your judgement until the actions of the market itself confirms your opinion.
- Markets are never wrong opinions often are.
- As long as a stock is right and the market is right, do not be in a hurry to take profits.
- One should never permit speculative ventures to run into investments.
- Never buy a coin because it has had a big decline from its previous high.
- Never sell a coin because it seems high price.
- Never average losses.
- WISHFUL THINKING SHOULD BE BANISHED!
- Big movements take time to develop.
- It is much easier to watch few than many!