Lessons I learned from Intel stock

 Sept. 5, 2020

Introduction

I only had less than two days with Intel stock break even with 170 shares, and then I sold and bought back with $0.50 / share more, and then Intc stock went down from $52.50 to $49 and swings. My psychology is changed since I read about Intel buys back 20 billion shares. I should trust myself, not Intc stock, try to buy into weakness. Do not chase the high price. 

Lessons I should learn

When Intel stock price goes  up $52.00 dollars, I should sell. I should keep cash instead. And let those cash stay in the account. 

Study one more time - buy into weakness

WHY 90% OF TRADERS LOSE MONEY

 Here is the link. 

There are 4 big mistakes almost every trader makes. Luckily, they can be easily fixed. These mistakes I highlight in this video are probably things you haven't heard before. Luckily we can flip these points around and come up with a very powerful trading strategy. Charlie Munger once said, "problems frequently become easier to solve if you turn them around in reverse... unless you're more gifted than Einstein, inversion will help you solve problems". This is what I did in this video. I use inversion to show you exactly why 90% of traders lose money, and how you can capitalize on their mistakes. Adam Thomas www.skyviewtrading.com cut losses option profits trading strategy strategy trader trading mistakes biggest mistakes traders make how to best trading strategy option strategy option trading options

My notes:

What 90% of traders do:

1. Buy breakouts and sell breakdowns

2. Cut losses short. Let winners run - cool theory but it doesnt work

3. Big position sizes

4. Never cap your profit potential - Higher success rate, smaller profits

Human psychology -

Inversion - your new trade strategy

1. Buy into weakness, sell into strength

2. Book profits, patient with losing trades - winner some point, in the future

3. Small positions - make decision on logic, not emotions

4. Reduce your costs by defined

Actionable Items

I do like to learn step by step to take inversion of 90% of trader doing, buy into weakness, sell into strength.