My top 3 rules of investing after the last 15 years of being in this game are as follows:
1. Set stop losses - whether that’s a percentage loss you’re willing to take or certain support levels that you like, this is a must.
2. Trade with logic not emotion - Had a conversation with my old man a week or so ago where he didn’t want to take a loss and wanted to wait for his ticker to show him some returns at some point. Google opportunity cost
3. Take profit!! - I always say 20-30% is a great return on most investments. Don’t hold for Lambos
@cantonmeow Such a weird setup. Can’t really do TA on this. It has shown strength to defend support levels but that resistance at $33 is a bad mamma jamma
If I’m posting my wins on here I must keep it 💯 and talk about my losses. Had a leveraged short on $BTC I had to close out last night. Took a $1k haircut in about 15 minutes. For about 8 weeks BTC had been consolidating during the week and then recovering price into the weekend and I took advantage of that. That changed this week. Stay vigilant! 😝
$OSCR is a disruptor play in the medical insurance game and is not far from testing new IPO highs. 90% average annual sales growth over past 5 years! Has already priced in the CMS crackdown. PT here is 42+. #IBDPartner@MarketSurge@IBDinvestors
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