Moving on to the 8th reflection of the series:
Read here: (Part 1) | (Part 2) | (Part 3) | (Part 4) | (Part 5) |(Part 6) |(Part 7)
36. Never try to catch every move.
It's tempting to try to grab every up and down in the market,
but that's a fool's errand.
37. Never underestimate the power of failure.
Failing early and failing often - while staying in the game - is "
how you get better.
38. Never hold onto losers when your thesis is invalidated, especially after a massive drop.
"I've lost too much to sell now" is how you go to zero. "
39. Never let "getting back to break even" dictate your decisions.
That mindset leads to overtrading and eventually, full liquidation.
40. Never focus only on entries.
A trade isn't over until you've exited. Knowing when to cash
out is just as important as knowing when to enter.
