Sustainability first before anything.

It’s pointless to make millions due to luck, then lose it all out of kamikaze.

A lot of traders fall for this because they are so hungry to make that quick buck without really covering their base — going through the process and finding their system.

Some do find a system, but mid way they overrule the system when it encounters down sides. Meaning pag ‘na-ipit‘ or nag ‘kamali‘ they won’t cut loss. Once you give exceptions to the pain, you will make it a habit, and this habit often leads to the ‘death’ of many traders having the mindset “babawi rin yan, patulugin ko nalang muna“.

$CAL

$GEO

Luck doesn’t always save your ass in these kind of situations. I’ve seen veteran traders, those of around 10 years in experience, never make it back once they had a big hit with majority of their capital stuck just because of one undisciplined call.

Some of the most common reasons would be ‘OK lang may fundamentals naman eh’

Here’s a few names with so-called fundamentals that are still on a slump even after a few precious years.

$PCOR

$SSI

The market will always be there, you just have to survive, and progress consistently. You cannot do that if 80-100% of your capital is stuck in a solid down-trending stock. In many situations it would take you 3 years (good case) to sometimes 7 to 10 years (reality case) before breaking even.

While there will always be a chance that some dead names will bounce overtime, take a look around how often (or I mean rare) that happens. Kalma lang tayo sa market, one step at a time.

This is where risk management, balanced port allocations, stop losses, and all the boring and ‘un-pleasurable’ aspects of trading comes in. They protect you from a lifetime of regrets.

Been a while since my last post here, I’ve been really busy, I’ll post more updates here soon.

God speed everyone 🙂