Throughout my financial career, I have continually witnessed examples of other people that I have known being ruined by a failure to respect risk. If you don’t take a hard look at risk, it will take you.
The elements of good trading are: (1) cutting losses, (2) cutting losses, and (3) cutting losses. If you can follow these three rules, you may have a chance
Frankly, I don’t see markets; I see risks, rewards, and money.
I think investment psychology is by far the more important element, followed by risk control, with the least important consideration being the question of where you buy and sell
The goal of a successful trader is to make the best trades. Money is secondary