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Series of posts
If you're starting your investment journey - this series of posts are for you.

Check the history
When you want to make money over the long-run, a good way to analyse a strategy is to look at the history of its returns.

Controlling risk (read peter2 thread for more on risk)
One way to obviously improve your odds is to get your average profit greater than zero. However this is not enough, because although you are now likely running a profit, you aren’t controlling risk.

Worth remembering
What is most important is the old adage "cut your losses short and let your winners run", one that is obeyed by all the great traders I’ve researched. When you do that you tend to incur many more little losses, but since your gains are essentially unbounded, they usually make up for your losses and drive a profit.

Skate

<blockquote data-quote="Skate" data-source="post: 1010048" data-attributes="member: 57364">Series of postsIf you&#039;re starting your investment journey - this series of posts are for you.Check the historyWhen you want to make money over the long-run, a good way to analyse a strategy is to look at the history of its returns.Controlling risk (read peter2 thread for more on risk)One way to obviously improve your odds is to get your average profit greater than zero. However this is not enough, because although you are now likely running a profit, you aren’t controlling risk.Worth rememberingWhat is most important is the old adage &quot;cut your losses short and let your winners run&quot;, one that is obeyed by all the great traders I’ve researched. When you do that you tend to incur many more little losses, but since your gains are essentially unbounded, they usually make up for your losses and drive a profit.Skate</blockquote>

[QUOTE="Skate, post: 1010048, member: 57364"] [B]Series of posts[/B] If you're starting your investment journey - this series of posts are for you. [B]Check the history[/B] When you want to make money over the long-run, a good way to analyse a strategy is to look at the history of its returns. [B]Controlling risk [/B](read peter2 thread for more on risk) One way to obviously improve your odds is to get your average profit greater than zero. However this is not enough, because although you are now likely running a profit, you aren’t controlling risk. [B]Worth remembering[/B] What is most important is the old adage "cut your losses short and let your winners run", one that is obeyed by all the great traders I’ve researched. When you do that you tend to incur many more little losses, but since your gains are essentially unbounded, they usually make up for your losses and drive a profit. Skate [/QUOTE]

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