03/07/2021
Haven’t been active on this page for awhile. Had my nose to the grindstone, working overtime a good bit, as a hospital RN, chipping away at debts. Now, re-focusing on trading stocks, cryptocurrencies and forex again with small amounts. If one area isn’t hot, you can always trade one of the others.
—best rules I have learned—minimize losses. Even the great millionaire traders have their share of losing trades. A key is to keep a losing trade from becoming a big loss. Be consistent. There is a great stock trader named Bao Nguyen who goes by the nickname “Modern Rock” —he started as a young immigrant from Vietnam and became a multimillionaire. Bao notes that for stocks, there are 252 trading days per year and if you average just $400 per trading day, that’s already $100,000 a year. (And cryptocurrencies trade 24 hours a day, 7 days a week, if you add that to the mix).