Warren Buffett has said: "I could end the deficit in five minutes. You just pass a law that says that any time there’s a deficit of more than three percent of GDP, all sitting members of Congress are ineligible for re-election."
Do you agree with him?
What most don’t realize is this wasn’t just about us. This was an attack on all of Fintwit, all chat rooms, all day traders who discussed stocks, all of US. Whether you like any of us or not, we fuckin’ STOOD UP and fought for all retail traders regardless of personal differences or opinions. I love you all, even if you didn’t understand the full story and believed the headlines. This is a win for retail traders!
https://t.co/jIU2s749cj
Many traders think you need to take high risk for high returns.
Wrong!
You should risk small, let your edge play out, add capital, and compound your gains over time—that's how you make it BIG.
What do 99% of failing traders do?
- No plan
- Impatient
- No risk management
- No understanding of their emotions
- Focus on the outcome not the process
- Jump into trades in fear of missing out
What the 1% do?
- The opposite
You have your trading backwards right now. When you win, you win small. When you lose, you lose big.
Why is that?
You are fearful you are going to go into the red once you are in the green so you lock in profits, but once you are in the red you are too stubborn to get out.