Perfection is Impossible

I would love to say that I am perfect.  I am not.  Like you, I make mistakes from time to time. If you are looking for a 100% guarantee on stock picks, you are begging to be lied to.  If someone is selling you a bill of goods that their method is fail-safe, run screaming.   If I make a recommendation that didn’t work, I’ll be the first to admit it.  But the road is paved both ways.  If I make a stock pick that soars, I’ll mention that too.  I cannot predict the future, but I can report on the past and use techniques that have been proven over time.

Every month on this blog I’ll show you my recommendations for the previous month and how they performed.  I’ll put it out there.  The good, the bad, and the ugly.  My overall philosophy is simple, have a clearly defined, attainable goal; don’t get caught up in fear or greed; minimize your losses and maximize your wins with stop losses; repeat.  Losses will happen but if there are more wins than losses and the overall goal is achieved, then short-term losses are a cost of doing business. 

How do I minimize losses?  By simply using stop loss orders and watching the MACD curve. After you buy at the opening, immediately put in a stop loss order with a strike price 3% less than the open.  I can’t stress enough to protect yourself.  Secondly, If the MACD reversed you want to get out immediately and don’t wait for the 3% loss to be triggered.  Your loss may only be 1% but you always want to be on the upside of the curve and not on the downside hoping for a turn.  In my next blog I’ll talk about how I maximize gains.  Spoiler alert, I made a recommendation that earned 24% and another 10.4%.  Til next week,

Cheers

Al

Source: https://twopercentgoal.com/perfection-is-impossible/

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