Stanley Druckenmiller broke down what's behind his 30% average annual return
and revealed the one rule Soros used to tell him: "invest first, investigate later"
"if I get an idea I buy it first and tell the analysts to look into it - if I wait I'll miss 30 or 40% of the move and then I'm paralyzed - I don't have the guts to buy it anymore"
"it was a matter of never losing and then throwing some big numbers in there maybe 10 times - my worst years were up 5%, my best were up 60%"
"if you go down 50% you need 100% just to get back to even - when you see the ball, swing really big - when you don't see the ball, don't swing"
bookmark and watch it today ↓
“The will to win is not nearly as important as the will to prepare to win. Everyone wants to win but not everyone wants to prepare to win.”
― Bobby Knight
1/10. Dear gentle readers, we've been apart for far too long😂🤭
Well I'm here to discuss yet another topic that interests me 🤷🏾♀️....... BOVINE MASTITIS
In some terms....mastitis is inflammation of the udder caused mostly by bacteria entering through the teat canal.
“Read, read, read. Read everything—trash, classics, good and bad...If it is good, you’ll find out. If it’s not, throw it out the window.” –William Faulkner
Warren Buffett: "You should be very forgiving of yourself — but not totally forgiving of yourself."
"There is no sense looking back and saying, 'If I had done this, if I had done that...' Just forget it. It is history. You can't change it, [but] you can change your behavior going forward."
Tuesday Tip 💡
If you can trade a demo, you can trade live.
If you can grow $100, you can grow $100,000.
Your job isn’t “trading.”
Your job is capital allocation.
Focus on consistency, not the size of the pot.
#TradingTips#TradingStrategy#PriceAction