To new traders:
1. Yest wasnt a correction to buy&hold
2. Trade/invest tiny size
3. If planning to hold o/n, keep ample spare liquidity on trading accounts to allow for large o/n swings
4. Don't chase most beaten down names, they won't rise more cause they dropped more
1. Yest wasnt a correction to buy&hold
2. Trade/invest tiny size
3. If planning to hold o/n, keep ample spare liquidity on trading accounts to allow for large o/n swings
4. Don't chase most beaten down names, they won't rise more cause they dropped more
5. Use free time (usually weekends) to plan the structure of your portfolio (names you like, etc)
6. Focus time and energy on few areas (there are no "everything-experts")
7. Accept to be wrong. We all are, everytime
8. Keep losses small (easier to recover)
6. Focus time and energy on few areas (there are no "everything-experts")
7. Accept to be wrong. We all are, everytime
8. Keep losses small (easier to recover)
9. Don't be afraid to book profits when a trade is mature. Nothing rise to infinity and I don't know anyone blowing up accounts because of booking profits (while I know many blowing out because of not respecting points 1-8. N7 especially. Big ego = broken trader)
10. #Nasdaq is no free money long trade. Print it and pin it to your screen.
