Thought Moment

The goal of mastering this craft isn't to be right every time. It's to lose less than others when you're wrong. And to hold longer than others when you're right. Throw away all the fancy indicators and charts — deep down, it's just two things: • Lose less when you're wrong • Hold longer when you're right Losing little is the skill of survival. Holding long goes against human nature. First, train your eyes to tell a sideways market from a trending one. Then: When the market is sideways — take profits early, cut losses fast. When the market is trending — sit tight and let the profits run. But watch out: holding without a defense is gambling. Holding while raising your defense line — that's real skill.