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Episode 3451:
Bob Byrne distills decades of trading experience into seven time-tested rules for thriving in bull markets, from riding strong trends to managing emotions and profit targets. Drawing wisdom from a mentor known as Big Lou, these principles help traders avoid common pitfalls and build long-term discipline for profitable decisions in any market environment.
Read along with the original article(s) here: https://jamesaltucher.com/blog/bob-byrne-13-rules/
Quotes to ponder:
"Let someone else be the first buyer. We don’t need to make every penny when a stock bounces. We only need to make the easy ones."
"Trading stocks is as much about managing emotion as it is clicking the buy or sell button."
"The big money is made by controlling emotions, and often doing the opposite of what you’d like to do."
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