Twentieth day.
Hello Traders!
1. “I’m always thinking about losing money as opposed to making money. Don’t focus on making money, focus on protecting what you have”.
2. “If I have positions going against me, I get right out; if they are going for me, I keep them Risk control is the most
important thing in trading. If you have a losing position that is making you uncomfortable, the solution is very simple: Get out, because you can always get back in”.
3. “Where you want to be is always in control, never wishing, always trading, and always first and foremost protecting your ass. That’s why most people lose money as individual investors or traders because they’re not focusing on losing money. They need to focus on the money that they have at risk and how much capital is at risk in any single
investment they have. If everyone spent 90 percent of their time on that, not 90 percent of the time on pie-in-the-sky ideas on how much money they’re going to make, then they will be incredibly successful investors”.
4. “I believe the very best money is made at the market turns. Everyone says you get killed trying to pick tops and bottoms and you make all your money by playing the trend in the middle. Well for twelve years I have been missing the meat in the middle but I have made a lot of money at tops and
bottoms” – This is the best one!!! We are completly agree! It’s the words of a real Trader! Respect.
5. “I always believe that prices move first and fundamentals come second”
We wish all of you successful trades and profits!
Kind regards, Team traders “Powerful Traders”
