🔰 Dennis Gartman is an accomplished trader and editor who has published daily newsletters for 3 decades, most recently in 2019. Among the most important rules he presented to new investors:
1️⃣ Be patient when dealing with profitable trades, and do not rush to make profits. One of the common mistakes made by new investors is to rush to sell their shares at the first sign of profit. Gartman also called for abandoning any losing investment or deal and not holding on to it.
2️⃣ Accept that businesses go through several cycles of ups and downs. Your business will go through good times that will increase your profits, and it will also go through bad times that may cause you some losses. All you have to do is accept that idea and move forward.
3️⃣ Do not work to increase your losses. If you are suffering from some losses at the present time, do not work to increase them through new losing investments, for any reason.
4️⃣ Always look for the simplest ways to trade. Keep the systems you use simple during trading, as complex systems and many indicators will cause you confusion.
#informationuseful #InformedChoices #infographic #Information #Informational