The most important rule of trading is to play good defense, not great offense.
Maybe "Buy when others panic" meme should be clarified too. "Panic" isn't a 2-3% pullback. It's when others want out at any price.
Changing your mind quickly pisses people off who can't find it in themselves to do the same
"I could trade without knowing the name of the market.” Richard Dennis
"The less I cared about whether or not I was wrong, the clearer things became." Mark Douglas
"When a quiet firm market develops into activity and strength, then into excitement, it shd be sold with great confidence. " Dickson Watt
"Formal education will make you a living, self-education will make you a fortune." Jim Rohn
Maybe "Buy when others panic" meme should be clarified too. "Panic" isn't a 2-3% pullback. It's when others want out at any price.
Changing your mind quickly pisses people off who can't find it in themselves to do the same
"I could trade without knowing the name of the market.” Richard Dennis
"The less I cared about whether or not I was wrong, the clearer things became." Mark Douglas
"When a quiet firm market develops into activity and strength, then into excitement, it shd be sold with great confidence. " Dickson Watt
"Formal education will make you a living, self-education will make you a fortune." Jim Rohn