Read? 3 Ms of Trading – Mind, Method and Money - Part 3
Bad news!
There is NO SHORT CUT in Active Investing or Trading if you want to rise above an average investor/trader.
You have to develop your own personal investing or trading system yourself or pay some "Gurus" some money to teach you to develop one or subscribe to their trading system; then adjust and adapt some parameters to fix them into your own personality and trading style. (I have also interacted with quite a number of friends/colleagues who have attended such courses. Some have even attended advanced courses with trading templates provided; but sometime I am wondering why are they still not doing very well? What really went wrong?)
At the end of the day, to be successfully we must be able to explain clearly to anyone who asked us what is in our trading system? We must be able to cover the "What" and "How" in all three aspects of Mind, Method, and Money; otherwise, I believe it may be quite difficult to succeed over multiple cycles of bulls and bears using a RE-INVESTING strategy for compounded returns. Any bad move in the next one or two big bear markets may wipe off much of our investing capital and the past gains.
Staying invested in the stock market can be unpredictably dangerous thing to do. So from times to times, I must always remind myself on my Investment End Goal : Knowing Your Investment End Goal
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Caitlin Clark will make $76,535 from her WNBA salary this year. The top NBA
draft pick will earn $10.5 million | CNN Business
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New York CNN — Caitlin Clark, who became the leading scorer in NCAA
basketball history and the first pick in the WNBA draft this week, will
make a $76,53...
1 hour ago
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