I have watched tons of Tim Sykes videos, and I have hear Tim say countless times "don't chase stocks", "never buy a stock that you don't know why its up", "don't just buy a stock because I bought it". Ironically I have actually failed the test with these rules. Lucky for me I have managed to capture Tim's most important rule of CUTTING LOSSES QUICKLY, that's why my losses are so small right now. I have learned from yesterday that just because I study super hard and try to memorize everything. My hard work and knowledge will be tested by the market. This is one truth I didn't anticipate I would have to face.
Posted Sep 09, 15 9:20 AMbybraxtonnunnally
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I will give you an other rule, septembre/Octobre is suicide if your are a beginner.
@juin Thats exactly why I am going to take my time
Stay strong man and realize that these losses are nothing in the long run. Like Tim said, you are learning
Hang in there, Braxton. We're all learning this together. My advice....don't just try to MEMORIZE everything. Many people remember things with greater ease if they write down notes. It helps me tremendously.
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