"Paradoxes of Trading. The more money you make, the bigger your drawdowns will become. Paradoxically that fear of those bigger drawdowns holds many people back from getting bigger."
-- Steven Goldstein, Trader Performance Coach and host of the The AlphaMind Podcast
Thursday, December 3, 2020
Greatness Takes Time
"You can't force experience... that takes time. Be patient with yourself and stay the course. With a good plan and persistence, everyday you take step in the direction of your dreams, while those who want it fast without putting in the work give up and quit.
Greatness takes time... stay the course."
Greatness takes time... stay the course."
-- Mark Minervini, momentum stocks trader profiled in the The Stock Market Wizards
The Secret For Success
My secret for success: When someone has more success than me, I pull up a chair with pad & pen and shut my mouth while I listen and take notes. I'm willing to put my ego aside and learn from success instead of envying it. No matter how successful I get, I maintain this humility.
-- Mark Minervini
PS: Mark Minervini was profiled in the Stock Market Wizards book, the third book from the Market Wizards books written by Jack Schwager. Jim Rogers was profiled in the original book, Market Wizards.
Bitcoin & Investing Mistakes
Sharing some interesting reading on Bitcoin:
Bitcoin: A New Kind Of Bubble?Roubini: Bitcoin Has No Role In Portfolios
The Bitcoin Mania On CNBC
Investing quote of the day,
-- Nassim Taleb
Thought of the day,
-- Lao Tzu
Monday, November 30, 2020
One Very Important Skill Great Traders Have
"One very important skill great traders have is the ability to gauge when to step on the gas and get aggressive and when to ride the brake or even sit out completely. Most of the time you should not be trading very aggressively. Trading requires a lot of patience and stalking."
-- Mark Minervini, momentum stocks trader profiled in The Stock Market Wizards book
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