Portfolio +27.5% YTD, 3.1x the market since inception. Plus, the price rule that locks in losses you'd never have realized and the conviction stop I use instead.
You need a plan when you enter a position. And you need to stick to your plan unless something major changes. Ideal setups have low downside (sell if it falls a small amount) and large upsides (what you expect). Some setups require you to enter and just wait and be patient and not worry if it falls a lot.
You need a plan when you enter a position. And you need to stick to your plan unless something major changes. Ideal setups have low downside (sell if it falls a small amount) and large upsides (what you expect). Some setups require you to enter and just wait and be patient and not worry if it falls a lot.
Figure it out when you start the trade.