The most practical skill in life is learning to do things when you don’t feel like doing them. Anyone can do it when it’s easy, but most people drop out the minute it gets hard.
"One secret that most professionals know is that you can rack up a fortune in the market by being right less than 50 percent of the time, as long as you let your profits run and cut your losses quickly."
Stan Weinstein
"You shouldn't be looking with a microscope for trades. Take a step back, relax. A good trade should be obvious - they should be screaming in your face. Obviously, it takes a lot of experience to get that point to know which is which." - @Qullamaggie#QullamaggieWisdomTalks
There are truths about swing / position trading that some simply don’t want to hear. Your wins will come in lumps. There will be stretches (weeks/months) where you tread water. It’s not about being aggressive every day; it’s about being aggressive at the right time.
Many growth stocks will need TIME to repair themselves to healthy charts, meaning:
- Establishing a bottom
- Building a base
- Getting back to the 200d ma
- Getting back above the 200d ma
- New Stage 2
Patience (months, if not longer) will be required with many of these names!
The ultimate productivity hack:
Schedule one hour early each morning with yourself to work on your top priority. Do this every single workday. No exceptions.
Watch what happens.
#Trading tip: There is rarely a reason to sell a stock which is above the EMA 8 or even EMA 21. I am sure: If you use this rule instead of blindly selling on your feelings, you will make a lot more profits.
#Trading tip: The strongest #stocks never revisit their breakout level. They move strongly direct after the breakout. That's how you recognize a potential big winner.
“There are times when money can be made investing and speculating in stocks, but money cannot consistently be made trading every day or every week during the year. Only the foolhardy will try it. It just is not in the cards and cannot be done.” - Reminiscences of a Stock Operator
2/2
That's the better bet for most of you, that's where you get the setups and follow through and stuff like that! This is just chop, you not going to learn much here... The only thing you are going to learn: "Oh I shouldn't have traded!" which is good too!"-@Qullamaggie
1/2
"I agree, most people shouldn’t do anything in this market, it's better to wait for MAs crossovers, when the 10 crosses over the 20 and stays there, and eventually start going higher!
"You only need one bull market to change your financials. You only need one bull market to get rich. There's no need to sit there and squeeze water out of a stone during a bear market." - @Qullamaggie
2 Followers 86 FollowingA Trend Following Theme Investor with a learning-driven approach to trading. Process over Outcome, Context over Patterns, Stocks over Setups, EC over Ego.
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