THE SECRET TO GETTING RICH
"You're going to make your money by riding a trend for the very, very longest time." - Paul Tudor Jones
And the way to do that is by buying stocks that are entering the markup phase and ignoring everything else.
Trying to catch a few percentage points while a stock is in distribution or markdown is a waste of time and capital.
That's why so much of my work revolves around identifying where a stock sits within the market cycle.
Over the years, I've developed a framework to identify those patterns and use it as the foundation of my analysis.
From there, it's simply a matter of waiting for a low risk technical entry, managing risk, and increasing position size over time.
When you're early to a trend, you have plenty of time to do this as the market confirms your thesis.
The greatest returns don't come from trading the most.
They come from having the most amount of money concentrated in your highest conviction ideas.
If you want to get rich from trading, understanding market cycles and riding a trend is all that matters.