I don't always agree with what T10 says but most of the above is correct.
You MUST have a plan & rules that will relate to any outcome in the market.
Emotion should never be used - only facts. I mentioned before I did a year of
trading & made every possible mistake with lots of hope & greed etc , throwing
money into the market like a madman holding 20 stocks at once .... lol
I was lucky to come out of it with all my capital + a small profit - mainly
due to trading more winning shares than losers but I was lucky.
From some of the stories I have read on HC regarding other stocks , some new traders
were not so lucky. I really recommend you put together a bullet proof
trading plan that suits & works for YOU. As T10 mentioned keep some cash
out of the market as a buffer & also so you can enter positions when great
opportunities present themselves. ( Like the Brexit crash last week )
Best of holding & trading.
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