I dedicated 37 years to learning and perfecting the craft of stock trading. If there was a way around risk management, I probably would have found it. PhDs, Nobel prize winners and geniuses haven't been able to do it. Your losses must be managed smaller than your gains.. period.
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The word is sacrifice. You are not going to be the best at day trading, swing, value and growth investing. It will be amazing if you can master just one. And you only need one. So pick one and sacrifice the rest! There is no other way unless you want to suck at a bunch of things.
What is the single unavoidable thing you must do to be the best or great at one thing? One word?
— Mark Minervini (@markminervini) April 14, 2021
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My top 10 tweets of the year
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A thread 👇
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Entrepreneur\u2019s mind.
— James Clear (@JamesClear) August 22, 2020
Athlete\u2019s body.
Artist\u2019s soul.
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When you choose who to follow on Twitter, you are choosing your future thoughts.
— James Clear (@JamesClear) October 3, 2020
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Working on a problem reduces the fear of it.
— James Clear (@JamesClear) August 30, 2020
It\u2019s hard to fear a problem when you are making progress on it\u2014even if progress is imperfect and slow.
Action relieves anxiety.
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We often avoid taking action because we think "I need to learn more," but the best way to learn is often by taking action.
— James Clear (@JamesClear) September 23, 2020