Not philosophy...a set of basic rules to avoid ruin. Like..cut losses...know when to hold and when to fold. Plain speaking. Take care of losses, and the winners will take care of themselves. Let profits run.
All good Wall St slogans.
"One has no idea where the downtrend will end." Exactly
"I hope the downtrend is over but one hour of trading does not a trend make." Exactly. I just wrote a Post on that replying to Terrorbyte. I'm not singing Dixie, not yet.
"I don't think that makes me a loser." - I never said that. I think I was replying to someone who had lost a lot of money, absent any adherence to a proven set of rules. I think your and his situation were as different as night and day.
RYG Price at posting:
3.5¢ Sentiment: Hold Disclosure: Held