Trading Psychology 101

[price_and_volume]

Smart vs Good:

It's said the "idea" is just 10% of the trade.

Position-sizing and risk-management are the other 90%

Lots of very very smart folks invest in stocks. They do deep-dives into filings, talk to management, and google industry-wide trends.

But that shit rarely matters.

Here's a simple method that I know works:

1. Get long on meaningful breakouts. Sell some into run-ups to lower basis & de-risk.

2. If its going down, cut your losses.

We used to say, "I'd rather be lucky than good", but GOOD often beats SMART.

Commit to being a GOOD investor!

make money when its available, and always cut losses.