Monday, 28 May 2018
Quote for the day
"To solve a problem or to reach a goal, you don't need to know all the answers in advance. But you must have a clear idea of the problem or the goal you want to reach." - W. Clement Stone
Sunday, 27 May 2018
Quote for the day
"They who can give up essential liberty to obtain a little temporary safety deserve neither liberty nor safety." - Benjamin Franklin
Saturday, 26 May 2018
10 Mistakes the Masses Make in the Markets
"If you want to be wrong then follow the masses". – Socrates
The majority of traders and investors lose money in the markets. So that means that the minority do things differently than the wrong things the majority do.
What do the masses do wrong in the markets?
2. Cutting profits short and forfeit the opportunity of a huge win.
3. Being scared out of a good position during a minor move.
4. Listening to talking heads on financial news.
5. Buying and selling with no process.
6. Trying to predict what will happen instead of focusing on what is happening.
7. Fighting the trend instead of trading with it.
8. Trying to make back money on the same stock it was lost in.
9. Trading far too big.
10. Making too concentrated bets without diversification.
The majority of traders and investors lose money in the markets. So that means that the minority do things differently than the wrong things the majority do.
What do the masses do wrong in the markets?
1. Holding losing positions after you have been proven wrong allowing a loss to grow bigger.
2. Cutting profits short and forfeit the opportunity of a huge win.
3. Being scared out of a good position during a minor move.
4. Listening to talking heads on financial news.
5. Buying and selling with no process.
6. Trying to predict what will happen instead of focusing on what is happening.
7. Fighting the trend instead of trading with it.
8. Trying to make back money on the same stock it was lost in.
9. Trading far too big.
10. Making too concentrated bets without diversification.
Source: www.newtraderu.com
Quote for the day
"We live in a world which respects power above all things. Power, intelligently directed, can lead to more freedom. Unwisely directed, it can be a dreadful, destructive force." - Mary McLeod Bethune
Friday, 25 May 2018
Quote for the day
"To fight and conquer in all our battles is not supreme excellence; supreme excellence consists in breaking the enemy's resistance without fighting." - Sun Tzu
Subscribe to:
Posts (Atom)