Wednesday, January 20, 2021

temporary pleasure, occasional profit

Since market are up 85% of the time it is basically all about buying, buying at the right time, the right amount. Selling gives only momentary, temporary pleasure, occasional profit.

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Never average shorts on rises of bulk runs, always average longs in falls of bull runs.

Once your direction is fixed, timing and size is all that's left to decide.

Trends never end soon after starting. So never hurry in taking or unwinding positions in a jiffy. You'll get plenty of time. Wait for confirmations. That's why they are called trends

If there is no trend your position anyways can't be wrong except a bit and temporarily

And if you choose the trend wrong you can see it loud and clear and turn around

Over excitement is poison for traders...Enthusiasm is ok

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