Tag: losses

I’m attacking the risk, not trying to avoid it

The title is a quote I heard from Tom Basso, a semi-retired trader featured in “ The New Market Wizards ” book that was published in 1992. According…

Be bold with your profits

Brent Penfold – The Universal Principles of Successful Trading – Review

I hadn’t come across Brent Penfold’s work until I heard him speak on a podcast. His content felt professional and was enjoyable to listen to. It felt…

All stocks are bad unless they go up in price

This is a quote from William O’Neil, a market veteran whose bestselling book I recently read. I’m going to publish a review of the book soon. But the…

I don’t take profits and losses, I exit

It is easy to get one’s mind clouded by thinking of profits and losses, money is important in our society. Amateurs often want to take profits and…

It is OK to be wrong, it is not OK to stay wrong