Risk management is not just something you do occasionally —it's part of your everyday trading strategy, and it should be applied to every trade you make.
"The market is all about psychology. Chart patterns are essentially maps of psychology, and these chart patterns will remain useful as long as human psychology remains as it is."
- William J. O'Neil
"Over the years, it has become obvious to me that the more mechanical I've made my system and the less subject to judgements and emotions, the more profitable it has become."
Stan Weinstein
"Since you cannot do good to all, you are to pay special attention to those who, by the accidents of time, or place, or circumstances, are brought into closer connection with you."
If its a bull market and I think it is, buyers should emerge before the close today. Friday's close is the most important of the week. I will have a full report out Sunday mid day. Happy Fathers day weekend. https://t.co/mT9YvwqDWj
Real leaders hold up when the market pulls back. If a name refuses to break down while everything else is rolling over, that’s your tell. Strength in weakness matters more than strength in strength.
“It's hard to get a great outcome when your resources — time, money, attention — are spread thin. Are you concentrating your energies on a small set of targets?”
"The game of speculation is the most uniformly fascinating game in the world. But it is not a game for the stupid, the mentally lazy, the man of inferior emotional balance, or for the get-rich-quick adventurer. They will die poor."
— Jesse Livermore
Bad things are always happening loudly: the injury, the flat tire, the mistake that gets you criticized.
Good things are always happening quietly: the completed workout, the healthy meal, the ten minutes of writing. Nobody talks about the little moments that add up.
If the market is to continue higher from here, you're going to want to participate.
The best way to do this is through a concept called Progressive Exposure — starting small and adding size if you make progress.
Here's everything you need to apply this concept come Monday:
"If you're eager to learn—even if you aren't particularly talented—then you can make it a long way despite your shortcomings.
But if you're not eager and curious, you'll find your natural abilities often fall short of what is required."