What do an investor, a trader and a gambler have in common? Hans Wagner argues that an investor, trader, and gambler are similar because they have rules they operate by. I'd like to say there is a larger similarity, perhaps in the content of the rules, but Wagner is not making that claim as fas as I can see.
Important elements are:
Important elements are:
- money management
- conserving capital / cutting losses
- the importance of temperament / personality
- finding good trades
Fundamentals agree with technicals.
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