Read? Losers Average Losers
Read? Keep averaging down on your favourite stocks???
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Paul Tudor Jones is one of the greatest traders in market history. Why? Because he’s consistently profitable. The best “anything” in the world are the best because they perform at a consistent, superior level for long periods of time. Michael Jordan isn’t considered the best basketball player ever because he scored 30 points ONCE in a game. It’s because he averaged 30 points per game over his ENTIRE career.
Createwealth8888 said ...
Yeah! To be successful we have to be consistent in our performance over a fairly long period of time e.g over 10 years to remove any beginner's luck.
But, when you read this ads in newspaper:
"I made $7,000 in 1 day Trading FX."
"I made $30,000 in 5 days."
Do these testimonials get you thinking that it was easy? Yes, I can!
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