Discretionary leaning towards systematic
I am a 'buy and hold'er: I buy and hold different things for different periods at different times.
More in Interview with Tubs
Basic Guide to plotting Moving Averages - https://www.investingnote.com/posts/50660
Intro to Candlesticks Patterns - https://www.investingnote.com/posts/56241
Tips on Patterns - https://www.investingnote.com/posts/50681
In order of importance to me are:
(1) the long-term trend,
(2) the current chart pattern, and
(3) picking a good spot to buy or sell.
Those are the three primary components of my trading.
- Ed Seykota
Not sure, take a break,
Not not sure, try and wait,
If it works, leave it out,
If it doesn't, we get out.
the greater majority of traders can benefit from
-trading smaller positions,
-trading longer time frames (meaning preparation to accept greater volatility),
-trading less frequently (lesser number of trades)
Some sayings I like:
-We don't know anything for sure
-can't win them all
-an edge repeated is an edge compounded.
-the psychological goal of any market participant is to quickly revert back to calmness and neutrality.
-Stop losses save profits, reduce losses but #positionsizingsaveslives.
-Cash is the only hedge: Anything else is just another position.
-Only frontlines can push
-man muss immer umkehren
-The safest asset is time - no way to store it though.
-Time is the most important asset, risk, reward & criteria.
There are quite a few millionaires, there are no immortals.
That tells you everything you need to know about the value of time vs money.
All positions, declared as added, could be removed at any time.
Follow the investing/trading thesis, not the trades.
All any expressed opinions and, or, materials are individual opinions of wellhandy and does not constitute advice nor solicitations.