Read? Losers Average Losers
Read? Keep averaging down on your favourite stocks???
Createwealth8888 likes ...
Paul Tudor Jones is one of the greatest traders in market history. Why? Because he’s consistently profitable. The best “anything” in the world are the best because they perform at a consistent, superior level for long periods of time. Michael Jordan isn’t considered the best basketball player ever because he scored 30 points ONCE in a game. It’s because he averaged 30 points per game over his ENTIRE career.
Createwealth8888 said ...
Yeah! To be successful we have to be consistent in our performance over a fairly long period of time e.g over 10 years to remove any beginner's luck.
But, when you read this ads in newspaper:
"I made $7,000 in 1 day Trading FX."
"I made $30,000 in 5 days."
Do these testimonials get you thinking that it was easy? Yes, ......