Don't make excuses for yourself when you make mistakes, you should admit your mistakes and learn from them to make profits

Edward Weston

2021/4/17

In fact, I have already known and everyone should know that you should not make excuses for yourself when you make mistakes. Admit your mistakes and learn from them to make a profit. When we make a mistake, we all know it. When speculators make mistakes, the market will tell them immediately because they are losing money. As soon as you find that you have made a mistake, you have to clear up immediately, be responsible for the loss, and try to keep smiling. Research records, find out the cause of the error and wait for the next opportunity to show off. During this period, only this result is worth caring about.


The purchase price of adding positions is higher than that of the previous one, the selling price of emptying positions is lower than that of the previous one, and only by adding positions in batches can you make money


If you want to buy 500 shares of the same stock, you should buy 100 shares first. If the market goes up, you should buy 100 shares again. As a "probe position" to test whether your judgment is correct, you should gradually add your positions. But every time the purchase price should be higher than the last time. Do the same for emptying your positions. Don't add the positions unless the price is lower than the previous transaction. Only in accordance with this principle to do the transaction, the victory will be closer to you. The principles that I am familiar with can’t compare with this point. The reason is that all your transactions are profitable. All your deals are profitable, which proves that you are right.


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