Scrapbook
Re: Scrapbook
"So what exactly is your methodology? If you cannot answer that question, you are not ready to be risking money in the markets"
J. Schwager
Jesus saves. Moses invest.
Re: Scrapbook
Pullbacks in uptrends are different than broad market sell offs.
Jesus saves. Moses invest.
Re: Scrapbook
Experienced traders/Pros focus on the risk first, and then the reward.
Novice traders usually just focus on the reward and not the risk.
In trading, as in life, it's not always what you do right, but often the things that you don't do wrong, that add up.
Jesus saves. Moses invest.
Re: Scrapbook
Your role as a trader is to wait for YOUR trading setup.
The big money is made by sitting on your positions — and not forcing trades out of boredom.
Jesus saves. Moses invest.
Re: Scrapbook
Quit trying to trade every level on your chart.
Instead, pick a spot to trade where you'll earn big when right and lose small when wrong.
The result?
Less trading, less commissions, less mistakes, and a fatter bottom line.
Jesus saves. Moses invest.
Re: Scrapbook
Risk management.
The difference between sleeping soundly and panicking right now.
Jesus saves. Moses invest.
Re: Scrapbook
A simple strategy has a better chance of working than a complex one. If yours isn't working, consider reducing. Not adding.
Jesus saves. Moses invest.