I haven’t had a serious drawdown since the 1980s—just a few single-digit down years in over three decades. How? A deep respect for risk and unconditional patience.
A few key rules:
1. Always cut losses short - no big losses. no exceptions!
2. Only trade large on the heels of smaller trades working
3. Always trade progressively smaller when
trades aren't working
4. Never average down
5. Never let a good-size gain turn into a loss
6. No forced trades - no style drift
@JesseCohenInv@Investingcom One person risked $1 to get $3 and other took overnight risk of $10 to get $20 profits. Who is having better risk adjusted returns