Some Things I’ve Learned

Price is the #1 indicator and is the only thing that matters!

Cut losses quickly.

Take profit (trim), but let winners run (on free shares/contracts).

Don’t sell because you’re bored, especially if the thesis has not changed.

Don’t feel the need to trade because you’re fomo-ing.

Do buy stocks in good companies.

Do buy companies or industries you know. This is an advantage.

It’s ok to miss on a stock. There’s a new bus every 10 minutes.

It’s not ok to be unwilling to change your thesis.

Buy in stages. I typically do 1/4 positions at a time.

Know the difference between a trade and an investment.

Trade less, make more.

Tops and bottoms are processes. Bottoms tend to be messy.

Losing trades usually come from poor plan or no plan and emotions.

Absorb other‘s perspectives. Understanding a different outlook will diminish your bias and arrogance.

In an unfavorable tape, it’s a bear flag until it isn’t.

In a favorable tape, buy high and sell higher.

STUDY. Constantly study.

Keep it simple smarty.