A few weeks back I was fortunate enough to hear Howard Lindzon give a speech about his thoughts on successfully trading the markets. One of his main points was “staying in the game.”
In the context of his speech it meant making sure you were risk averse enough so that you could whether bad trades, in order to stick around for winning trades that would eventually come. But as I thought about it more, I realized that “staying in the game” can also apply to trading in a micro way as the following video illustrates.
(Enlarge when video starts to watch in HD)
(Note: If you are new to my blog, I post about all sorts of things. Sometimes it involves something extremely personal, like creating a 30K baby or my Monster Trades. Other times it deals with hot ex-porn stars who trade stocks. And sometimes it’s about how to avoid “suicide”. But a good place to start is The Best of bclund. If you like what you read, please tell a friend. If you don’t, please tell two friends.)