The assumption everyone makes when they begin investing or trading ... "Good Trading is Based on Good Forecasting" - WRONG
It took me 10 YEARS to realize Forecasting was NOT the "secret formula" to successful trading.
When I finally understood that Forecasting often gets in the way of good trading! It can even cause HUGE losses.
How many times have you stubbornly held to a forecast while your trading account "blew up"?
What are the CORE CONCEPTS of successful trading and investing...
1 - Diversification (spread investments across different categories, sectors, industries using various strategies)
2 - Risk Management (each investment must have limited capital exposure to survive long-term and during volatile periods)
3 - Profit Capture & Loss Reduction Strategies (detailed rules are needed to quickly exit losing