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)
-The real damage of a bad trade may be psychological
-Guard against complacency after winning streaks
-Making money is more important than being right
-There is no substitute to hard work
-Wait for the right trade
-have patience to stay with a good trade
-Be Passionate
(4/4)
-Guard against complacency after winning streaks
-Making money is more important than being right
-There is no substitute to hard work
-Wait for the right trade
-have patience to stay with a good trade
-Be Passionate
(4/4)
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