what are some less known traps that i should watch out for?
- Thread starter mute9003
- Start date
Have clarity, vision and foresight. Before and during the trade. That way...you won't necessarily step on traps.
I know this sounds like philosophical, theory, bs and nonsense...to the common, basic, man. But truly digesting it will vitally affect your trading.
This reminds me of the movie The Edge 1997, Anthony Hopkins and Alec Baldwin, Harold Perrineau,....you should watch it. That movie has rather profound lessons about the human condition, trading, personalities, and wisdom.
To get out of the wilderness alive...or encounter true trading market success....is a relatively very rare feat that only the wise shall experience. While many will fall and falter along the way.
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quant traps.
A diversified portfolio is a trap.
IMO......5 stocks is maximum to hold in portfolio.
IMO......5 stocks is maximum to hold in portfolio.
stop losses and profit targets
If you start focusing on traps you will inevitably conclude that the big institutions are out to get you personally. This includes your own broker. This will lead you towards second-guessing your own analysis, over-sized positions and revenge trading. At this point it has become personal and that's the last attitude to bring to trading decision-making.
Play your own game. You can't win if you base your strategy on what someone else may or may not want to do to you.
Play your own game. You can't win if you base your strategy on what someone else may or may not want to do to you.
Talking heads on mass media and so called "experts" are traps. They can't predict a stock price for tomorrow, what makes you think they can predict what the economy will be doing a year from now. Best advice I have for you is to rigorously test your strategies to make sure they actually have an edge and then follow your rules without compromise. If you don't have specific rules it's time to rethink your strategies.
