I often buy the breakout and then get stopped at the low only to watch my stock turn around and go back up. That's trading! If you're not feeling stupid... you're not managing risk.

Unless you have a crystal ball, in the stock market the only alternative to guesswork and hope is to make disciplined buys and manage risk based on probabilities. Sorry, but there is no easy or sure way. All prognosticators are delusional train wrecks waiting to happen.

While my gut says we are getting close to a bottom, experience tells me to stick to the rules and let the weight of evidence guide my trading. A low happens on one day, the bull market last for years. The big money is made spotting trends not bottoms. The current trend is down.

If you want to be a great trader, don't concentrate on performance... focus on sticking to sound rules. Can you religiously cut your losses, protect your profits, avoid extended risky stocks, avoid dog shit beaten up stocks, sit out as long as it takes minervini.com

There are two disciplines you need to develop to become a great stock trader. 1. the ability and willingness to stay put in cash when few stocks meet your criteria, even when the indexes are rallying and everyone else is making money. 2. the willingness to trust and trade the

During a bear market, you often get a "shakeout" in some form on the right side of a base during the bottoming process. The "reason" is usually attributed to some scary news item that fuels negative sentiment and leans on investors that have already been beaten up and worn out

To those who are relatively new to trading, it may seem like an eternity when the market is in a bear phase and BO's are not working well. But from my perspective, trading for 40 consecutive years, surviving 9 bear markets... during just ONE of the recoveries, I returned over

The biggest issue I often see that traders/investors have is 'sticking to their plan'. I often say a 'bad plan is better than no plan, and a bad plan you can follow is better than a good one that you can't.' Today the issue I think is often around noise...

This is PRECISELY what you have to get used to in markets and not take it personally. I've thought LOTs of ideas were good/bad but in the end it's the ability to follow the plan attached to the idea that is far more valuable. Ideas come & go but discipline doesn't.

Motivational Monday. After nearly 40-years of trading stocks, I have experience, of course. But there’s something you need in order to get that experience, it’s called persistence. Early on, I would say my main strength was my willingness to put in the time and do the work

Traders fail for a number of reasons. But mostly, the majority fail to perform at a high level because they lack discipline and a commitment to ONE strategy. The fail to perfect their own rules, tactics and emotions... which takes time. Most traders buy shit stocks with little

5 Principles to Build Your Trading Career On 1. Get off the money, get off results and concentrate purely on perfecting process. 2. Commit to just one style. Commit to just one mentor; someone who has already achieved what you are aiming to accomplish. 3. Don’t judge too soon.

"Learn to do your own analysis and base your purchases on sound criteria, not because someone else says a broken stock is good value."

When I first started trading in 1983, the Dow was a little above the 1000 level. A friend of mine warned me that the stock market was going to crash, a depression was inevitable, and I was going to go bankrupt if I put my faith in "gambling" in stocks. 40-years later, two US

Every time you make an excuse and blame outside forces for your problems and failures, you resign yourself to helplessness. The market isn't rigged. There isn't a conspiracy against the "little guy." And yes, you can beat the market and surpass even your own dreams. But first,

-- 40-years ago when I told my family and friends I was going to be a stock trader, I was told all the reasons why I shouldn’t and couldn’t. It’s gambling, it’s not a real job, they said. -- When I made my first million dollars, I was told I was lucky. -- When I won the 1997 U.S.

When we are born, we are delivered with this amazingly powerful component called a brain. The problem is, it doesn't come with an instruction manual. As a result, many of us go through life never fully understanding it or using our personal power effectively and to our full

The secret... manage the downside. But it's not a secret, it's a discipline.

我住在亞洲時區（香港時間），分享一下我 #炒美股 的時間管理方法，以典型的一天SOP為例： 1. 早上9點至10點左右起床 2. 飲水，食營養補充品。非168斷食日子會以水煮蛋、番薯、粟米、果汁做早餐（這樣吃是要確保早上的🧠活動高效） 3. 檢視自己倉位情況，看看昨晚自己的持股有沒有不正常行為 4.

Honored to win the 2024 U.S. Investing Championship ($1M+ accounts) with a return of 353.9%, setting a new all-time record in this division. 🙏🏻🎉 Below are some reflections after winning this competition. I hope they can inspire and provide value for your future investing and