Where did you copy and paste that from?I tend to do best on...

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Mongoose66

124 Posts.

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08/05/21

12:33

Post #: 53036188
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Originally posted by Pomodoro: ↑

nobody knows these things. I can do a chart prediction but what for? Your job is to buy a stock if it has the required volume and price action on the way up. That is how simple it is. You must pre-define your risk before you enter a trade (EXACTLY for the reason I mentioned. That is nobody knows and anything can happen (if you want to test the veracity of this statement just look what happened to this stock - one day guidance upgrade next day in the dustbin.)

There are 5 fundamental Truths to making money on the share market and 7 principles of consistency. You can take heed or ignore at your peril
The 5 Fundamental Truths of Trading:1. Anything can happen.2. You don’t need to know what is going to happen next to make money.3. There is a random distribution between wins and losses for any given set ofvariables that define an edge.4. An edge is nothing more than an indication of a higher probability of one thinghappening over another.5. Every moment in the market is unique.

The 7 Principles of Consistency:1. I objectively identify my edges.2. I predefine the risk of every trade.3. I completely accept the risk or I am willing to let go of the trade.4. I act on my edges without reservation or hesitation.5. I pay myself as the market makes money available to me.6. I continually monitor my susceptibility for making errors.7. I understand the absolute necessity of these principles of consistent successand, therefore, I never violate them.

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Where did you copy and paste that from?

I tend to do best on average doing none of those things.

NEA Price at posting: $1.72 Sentiment: Buy Disclosure: Held
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