The best trading method is to take advantage of the crowd's greed and fear.
One must be able to read the current level of the market's hidden energy to be a master trader.
A low-risk, high-return trade is a trade that is aligned with fundamentals and opposite the current market peak emotion.
----------------------------------------------------------------------Jimmy Chow
Friday, January 19, 2007
Taking The Loss
A loss never bothers me after I take it. I forget it overnight. But being wrong — not taking the loss —that is what does damage to the pocketbook and to the soul.— Jesse Livermore
1 comment:
I agree. The only way to accomplish this result is to have a written plan of when you will take profit or take loss before you buy.
don
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