Capital Preservation Is Far More Important Than Making A Quick Buck
Sunday, December 31, 2023 10:02
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On Guide 2 The Grind, Geoff Edie, Jonathan Tillger, and Chris discuss why building wealth slowly is a steadier path than chasing after the adrenaline boost given by the all mighty news based pop and drop trade.
Questions that Geoff and Jonathan asked me include:
- What is Asset Revesting, and where does it sit between passive investing and active trading?
- How do you identify when a trend is starting or changing direction? What indicators and signals do you use for trend confirmation?
- How long is the lag time between retail money and big money?
- How did you become the trader/investor that you are now, and what else do you pursue to earn income?
- Why is it so important to have realistic expectations of how to make money from the stock market?
- Never put all your eggs in one basket! Learn why by listening to Chris’ story.
- How is poker similar to trading in the stock market?
- Building a supportive community is key to learning how to enjoy growing your wealth fully.
- The importance of having systems in place and an exit strategy.
- Is cash a good position to be in?
- Why being stopped out of a trade is not a bad thing. Yeah, it sucks taking a loss, but it also clears the deck for the next trade to the upside.
- Learn about your personality and how this can affect your trading/investing.
- How do I get started with your strategy today?
Source: http://crudeoiltrader.blogspot.com/2023/12/capital-preservation-is-far-more.html
