You are not smarter than the market. Let me rephrase. You MAY be smarter than the market but that is irrelevant. We all know the phrase of irrationality and solvency so I will spare repeating it. Just stay flexible.
Managing risk can become difficult especially when you have conviction about a position however it must ALWAYS be used. Conviction without risk management will bring about ruin in the long run. I personally like the trades I have conviction about the most but I still use risk management regardless.
I am looking for a bounce both figuratively and literally. After the AMZN trade I am left feeling defeated and depleated of many profits. I am looking to recover both mentally and financially and what better way to do that than to make more trades right?
This will be the last free note that I do going forward. Starting next week, my notes will be apart of the newly minted Level III+ subscription. Dasan's letter will launch Thursday and we plan on having a discounted package that includes Level III+ & The Dasan Stock Digest. Have a great weekend.
Equity Equation is “simple”