Focus On The Things You Can Control
Do you know beforehand which stock is going to breakout? NO.
Do you know beforehand which stock will be the biggest winner? NO.
Do you know the sequence of wins and losses? NO.
Can you control what the market does? NO.
Do previous trades have anything to do with future trades? NO.
Because the last 3-trades were winners, does that mean that the next one you take will be a winner? NO.
If your 3-last trades were losers, does that mean that your next trade will be a loser? NO.
Do you know the buy stop? YES.
Do you know the initial sell stop? YES. Do you know your timeframe? YES.
Do you know your target? YES, the target is up.
A lot of traders spend way too much time trying to avoid something that is unavoidable, which is taking losses; they try to do everything in their power to avoid losing trades. The sooner you accept the fact that you don’t have to be right every time to be profitable and that you don’t need to know what is going to happen next to make money, the closer you are to realizing that the market is a probabilistic machine.
You can find stocks before the breakout here (managed assets) bit.ly/2FFqa6q or DIY at the trading room bit.ly/2TgOJi1
You can view over 200 shared trades including all the ones from last week here bit.ly/2umUIYG
This information is issued solely for informational and educational purposes and does not constitute an offer to sell or a solicitation of an offer to buy securities. None of the information contained in this blog constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable for any specific person. From time to time, the content creator or its affiliates may hold positions or other interests in securities mentioned in this blog. The stocks presented are not to be considered a recommendation to buy any stock. This material does not take into account your particular investment objectives. Investors should consult their own financial or investment adviser before trading or acting upon any information provided. Past performance is not indicative of future results.
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