Ragoo said:
To me this is still the "hard" stuff. You can correctly evaluate 100 companies, pick the top 10, and still lose.
The hard stuff is determining when to buy, when to sell, and when to do nothing.
But removing your biases and viewing the market and the trend that is in front of you without interjecting your own pre-conceived notions. That's not as hard as you think. You just have to commit to doing it.
For example, I think SFIX is a crap company. A solution looking for a problem. A waste of internet space. A bull market phenom that wouldn't exist without historically low rates. But its also a stock that is showing great beer candles trending up in a coiling pattern. This could be worth double shortly and I can get in at a point where my stop isn't too far below me. My bias would tell me to avoid this company. But by removing my bias, I'm giving myself an opportunity to take advantage of a strengthening upward trend.
“Give it hell Heinekandle, I’m enjoying it.”
- Farmer @ Johnsongrass, TX
“No secure borders, no alpha military, no energy independence, no leadership and most of all no mean tweets - this is the worst trade I’ve ever witnessed in my lifetime. ***Put that quote in your quote/signature section HeinendKandle*** LOL!”
- also Farmer @ Johnsongrass, TX (obviously in a worse mood)
