WEALTH UNIVERSITY

[Profe$$or]

I’ve learned to seek out facts instead of opinions.

Think more, trade less.

You don’t know more than Mr. Market.

How much more I need to learn about myself.

Despite the most diligent of study and discipline markets can be at times exceedingly difficult to navigate.

Don’t chase a nonexistent trend. Stop trying to bottom fish!!

Leg into positions.

You can be right and still lose. So concentrate on process, not prediction.

One must be willing to trade both the long and short sides of the market in order to generate consistent profits year to year.

Trade the obvious.

When making money starts to feel easy, put up your guard.

Never let trades become investments.

Not to leave volatile positions in place when I have to be away from my computer for several days in a row.

Money management is more important than the style or system.

That I really actually am ‘dumb money’ and that will not always be the case.

Politics can be just as important as fundamentals.

Listen to all points of view, but make up your own mind. You learn more that way.

Don’t over-diversify by owning too many stocks. Keep it manageable.

I have to trade the markets based on my own goals, objectives, constraints, psychology. The rest is background noise.

I now understand the amount of emotion that needs to be contained for proper decisions.

Investing demands intense focus, it’s not for dilettantes.

Selective trading frequently equals more success once you know what to specifically look for.

The value of technical analysis. Historically, I’ve been a long term investor, but chart trends and patterns never interested me but now I see the value.

Have patience and believe in the quality of your own research.

The value of a having a large percentage of my holdings in a lazyman’s portfolio.

Don’t try to time the market unless you make this your full time job.

That many times (like when you are too tired) you are better off staying in bed.

I don’t HAVE to trade to succeed in the market.

Be sure to keep your stops current.

Being humble is severely underrated.

The edge is all in your head! Psychology and discipline are much more important that a new fancy indicator.

There’s a lot to learn and I have a long way to go!

This is really hard work!