Lions.. The excerpt below is from page 57 of my book, A (NOT) So random Walk On Wall Street.. I want you to read it, then re-read it, because in these few paragraphs are a major key to beating the market.. GM
AS A TRADER YOU HAVE ONLY ONE JOB. Bulls make money, Bears make money, and Pigs get slaughtered. You as a trader have only one job, and that is to pull profits from this market! You are NOT in the business of picking market tops nor bottoms; YOU ARE in the business of finding and riding trends. Finding and riding trends is how you make money in this market. As a trader you absolutely must NOT be a Pig, meaning that once you have a profit in a trade, pull it. Be certain to set and have a price percentage target in mind with every single trade you enter, and when you hit it, close the trade. Be happy to accept small consistent gains, because over time small consistent gains equate to large profits in your trading portfolio- vastly beating the overall market.
Your book helped beyond belief. You simplified statistics, Standard deviations and outliers so that all could understand. Probably the most common sense book I’ve ever read on the market and the financial system. Just common sense
A-freakin'-men!