Post Number: 3243
|Posted on Tuesday, February 23, 2021 - 10:25 am: |
These are the main points I got from listening to "market wizards" and they are especially relevant to today's market.
Some points may be repeated.
Do not place more than 1% to 5% of your portfolio in one trade
If you are losing get out
Don't stick your head in the sand if you are losing
Use stop losses
Don't focus mainly on making money - focus on protecting your money
Have patience and hold on to your winners
Never trade counter to the market
Recognize when you have made a mistake - mistakes help you grow!!