It is essential to wait for trades with a good risk / reward ratio. Patience is a virtue for a trader.
- Topics: Money Management, Trader.
The hardest thing to judge is what level of risk is safe.
- Topics: Money Management.
When the market deviates from your analysis, you have to cut losses without fuss or emotions.
There's no shame in losing money on a stock. Everybody does it. What is shameful is to hold on to a stock, or worse, to buy more of it when the fundamentals are deteriorating.
- Topics: Investing, Money Management, Stock Market.
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