🔰 Denis Gartman is a skilled trader and editor who has published daily newsletters for three decades, the last of which was in 2019. Some of the most important rules he provided for new investors are:
1️⃣ Be patient in dealing with profitable trades, and do not rush to realize profits. One of the common mistakes made by new investors is the haste to sell their shares at the first sign of profit. Gartman also advised to let go of any losing investment or trade and not cling to it.
2️⃣ Accept that businesses go through several cycles of ups and downs. Your business will experience good times when your profits will increase, as well as bad times that may cause you some losses. All you need to do is accept that idea and move forward.
3️⃣ Do not work on increasing your losses. If you are currently experiencing some losses, do not increase them through new losing investments, for any reason.
4️⃣ Always look for the simplest ways to trade. Keep the systems you use during trading simple, as complex systems and many indicators will cause you confusion.
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