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A short thread on the Few lessons I learned from #MarketWizards Books 📚
-There is no Single True Path
-Find a Method that is Compatible with your personality
-You may have to change your methods before you find the Right One
-Keep a Trading Journal
#book #learning
(1/n)
-There is no Single True Path
-Find a Method that is Compatible with your personality
-You may have to change your methods before you find the Right One
-Keep a Trading Journal
#book #learning
(1/n)
-Know your Edge
-Learn from your Mistakes
-Risk Management is most important
-Stoploss should be placed a proper levels
-Don't speculate with a Loss
-Take larger positions on high conviction bets
-Don't trade so large that fear becomes a dominant factor
(2/n)
-Learn from your Mistakes
-Risk Management is most important
-Stoploss should be placed a proper levels
-Don't speculate with a Loss
-Take larger positions on high conviction bets
-Don't trade so large that fear becomes a dominant factor
(2/n)
-Hope is not a strategy
-Don't trade based on other's recommendations
-Distinguish between trade outcomes and trade decisions
-Human Emotions are detrimental to trading/investing
-Guard against impulsive trades
-Trades motivated by greed usually end badly
(3/n)
-Don't trade based on other's recommendations
-Distinguish between trade outcomes and trade decisions
-Human Emotions are detrimental to trading/investing
-Guard against impulsive trades
-Trades motivated by greed usually end badly
(3/n)
This time it is 'The Market Wizards' by Jack Schwager for #WeekendReading
Favorite book of most traders.
#LearningTogether
Favorite book of most traders.
#LearningTogether
1 A bull market should shrug off bearish news & respond vigorously to bullish news.
- Michael Marcus
- Michael Marcus
2 Before you get in a trade, pick a point to get out
When in doubt, get out & get a good night's sleep.
-Michael Marcus
When in doubt, get out & get a good night's sleep.
-Michael Marcus
