hot copper, page-99

"The fact is this market is relatively benign. 2 years ago most of the keyboard heroes aka double uppers, were swept overboard."

absolutely true. Always have one hand on the ejector seat.

a.) always have a plan - in your head I think you should always know which stocks are 'buy and hold' and which ones are expendable trades. If you see the market go bearish, eject on your trades. If it goes super bearish start bailing on your holds.

b.) double down only on your buy and holds, or trades which you are very confident will regain value due to news or fundamentals. Difficult to call. IN general I think doubling down is a poor strategy outside of 'safe' blue chips at good value e.g. westpac at $20, BHP at $35. STill possible to lose (big) in ST but you know they'll come back. I had a few winners early on via doubling down and that was a TERRIBLE lesson lol

c.) your strategy should suit the market. I now know only to trade when the market is trending up. I'm only v small fish, I don't have means to short, so that's the sensible option. When market is falling hold your cash and look for value entries.

d.) TIME YOUR ENTRY fundamentalists drive me mad. charts always contain clues as to good or bad entry price.

e.) always ALWAYS remember you are small fish and the big boys will eat you alive if you blink.

f.) NEVER FIGHT THE MARKET NEVER EVER EVER THINK YOU'RE SMARTER THAN THE TREND a small loss is better than a big loss.

just my 2c as a newbie 'tradevestor' lol