Trade Findings and Adjustments 11-12-2019
Patience and Perseverance
Patience is the key!!! WHY?
Because you can’t control the market so you have to wait until your well studied, fundamentally checked thesis comes to pass
For some trades/investments I have waited for years !!! And then the huge returns came
Biggest mistakes – thinking one year is enough time, thinking 20% return is enough, thinking and waiting for a loser once the original parameters have changed
Thinking you are smarter than the market, smart money or super computers
In trading you should truly and it helps to being able to afford losing everything
It makes waiting that much easier
I lost an account that was held in Schwabb and today I would be asking him the 64K questions. Why didn’t you wait two months to be up 64K
Persevere the crap the market gives you, let things run when you can and adjust understanding you probably just created more risk.
DIS Nov 29-19 133/140 Bull Call