Page 934 - How to Make Money in Stocks Trilogy
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Black Belt Trading: Investing Like a Pro 183
• KEY POINTS •
On Market Psychology
• Detach your ego from trading.
• Don’t focus on your last trade if you made a mistake.
• Don’t aim for perfection.
• The best traders are detached from their results. Focus on
the CAN SLIM System.
On Trading
• Don’t put too much money in a thinly traded stock average
daily volume of 400,000 or less..
• Don’t enter a trade that doesn’t have a high probability of
winning (a stock should be coming out of a proper base
pattern on volume that is 40% higher than average).
• You can have a lot of mistakes and still make a lot of money.
• Stay out of bear markets; it’s too easy to lose a lot of money
trying to fight the overall trend.
