Tag: United states
Learn from Your Losses: The Path to Improved Results
If you want real insights that can make you more money, look at the scars running up and down your account statements. Stop doing what’s harming you, and your results will get better. It’s a mathematical certainty
Avoiding Losses
Letting losses run is the most serious mistake made by most investors.
Embrace Small Losses to Avoid Catastrophic Ones
If you can’t take a small loss, sooner or later you will take the mother of all losses.
The True Purpose: Start a Company to Change the World
There are lots of bad reasons to start a company. But there’s only one good, legitimate reason, and I think you know what it is: It’s to change the world.
Embrace the Unknown: Your Greatest Asset for Innovation
Embrace what you don’t know, especially in the beginning, because what you don’t know can become your greatest asset. It ensures that you will absolutely be doing things different from everybody else.
Always Dreamed And Never Give Up
When I get hurt in the market, I get the hell out. It doesn’t matter at all where the market is trading. I just get out, because I believe that once you’re hurt in the market, your decisions are going to be far less objective than they are when you’re doing well… If you stick…
Cultivating Fearlessness
Fearlessness is like a muscle. I know from my own life that the more I exercise it, the more natural it becomes to not let my fears run me.
Cautious Risk-taking
Don’t test the depth of the river with both your feet while taking the risk
The Power of a 5/1 Risk-Reward Ratio
5/1 risk/reward ratio allows you to have a hit rate of 20%. I can actually be a complete imbecile. I can be wrong 80% of the time and still not lose
Best Risk-Reward Opportunities
You never know what kind of setup market will present to you, your objective should be to find an opportunity where risk-reward ratio is best
