Here's how to be a better investor/trader

If you want to be a successful trader or investor you need to understand the answer to 2 questions.

What are your biggest weaknesses?

What are your biggest strengths?

Because when you know the answer, you can devise a plan to mitigate risks and leverage strengths, and when you do this, it becomes easier to make money.

But before I get into what I mean, I’d like to thank this newsletter’s sponsor, Autonomous AI.

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Now back to the newsletter.

What are your biggest risks?

Is it impatience? Is it liquidity? Is it confidence and conviction?

The sooner you pinpoint what is holding you back, the sooner you can come up with strategies to mitigate it (and increase your chances to profit.)

What about your strengths?

Do you have the patience to hold on to a position even if it’s losing money in the short term?

Do you have a keen eye for a certain chart pattern?

When you know what you’re good at, you’ll know what to double down on.

Because the goal is to stick around long enough so that the rewards of exploiting your advantage can accumulate, surpassing the impact of your weaknesses.

That’s all for today’s email.

Gav.