📈Looking to take a position? (i.e buy or sell an asset to make gains)
Apply this easy 3-step process to design a trading strategy that protects your money and helps you stay disciplined.
#OwnTheFuture
Apply this easy 3-step process to design a trading strategy that protects your money and helps you stay disciplined.
#OwnTheFuture
Step1⃣: Make a case for your choice
Know and understand your stock of choice.
Before you take a position, do your due diligence to identify 'why' you are buying said stock and what you hope to achieve.
Know and understand your stock of choice.
Before you take a position, do your due diligence to identify 'why' you are buying said stock and what you hope to achieve.
Step2⃣: Identify your exit points
Let's say you want to buy Gold (GLD)
You need to decide your win/loss limits
e.g If GLD goes up 30%, I sell and call it a win
If it goes down 10%, I sell and call it a loss
Let's say you want to buy Gold (GLD)
You need to decide your win/loss limits
e.g If GLD goes up 30%, I sell and call it a win
If it goes down 10%, I sell and call it a loss
Step3⃣: Commit!
Do not be swayed by market activities or public discourse.
To truly protect yourself from unexpected losses; stay the course and commit to a plan.
Happy Investing 🚀
Do not be swayed by market activities or public discourse.
To truly protect yourself from unexpected losses; stay the course and commit to a plan.
Happy Investing 🚀
• • •
Missing some Tweet in this thread? You can try to
force a refresh
