🔰 Dennis Gartman, a seasoned trader and editor who has published daily newsletters for three decades, most recently in 2019, offers some of the most important rules he offers new investors:
1. Be patient with profitable trades and don't rush to make profits. A common mistake new investors make is rushing to sell their stocks at the first sign of a profit. Gartman also urges abandoning any losing investment or trade and not holding onto it.
2. Accept that businesses go through cycles of ups and downs. Your business will go through good times that will increase your profits, and you will also go through bad times that may cause you some losses. All you have to do is accept this idea and move forward.
3. Don't increase your losses. If you're currently experiencing losses, don't increase them through new, losing investments, for any reason.
4️⃣ Always look for the simplest ways to trade. Keep the systems you use simple, as complex systems and numerous indicators will confuse you.
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