Friday, January 3, 2020

ALWAYS STICK TO WHAT YOU KNOW AND DO BEST...... HAPPY NEW YEAR

It is interesting to see what we can observe and learn from our wrong decisions. The greatest advantage of trading financial products is that we don't need to wait long to know if your decision is right or wrong!

If I can summarize my personal experience in ONE sentence: ALWAYS STICK TO WHAT YOU KNOW AND DO BEST.

There is no need to wander away from you loyal products (stocks included) that consistently give you profits. The moment we wander away from the basket or handful of your "regular" products, you are exposed to "new risks" and you need time to familiarize with the new products.

IF you are good are trading ONE or TWO pair of Currencies, stick to them. There is no need to move away to add new pairs.

IF you are good at trading, index linked stocks (BLUE CHIPS), stick to them.

IF you are good at trading ENERGY, GRAINS, METALS, stick the combination you know best.

It is better to have a few loyal money printing products than to run all over the monitors looking for action everyday!

There is a time to play and there is a time to rest! Otherwise in a very short period of time, you will be burnt out completely!!! 

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