You have no doubt heard the phrase “a long-term investment is a short-term trade gone bad”, meaning that when a stock falls in price soon after purchase we tend to hold on ‘for the long term’ in the hope of a recovery. This book turns that phrase on its head by presenting the position trader’s mantra: “a long-term investment is a short-term trade gone well”. You will learn how to pick the right stocks at the right time; but not until you have mastered the essential arts of: * using diversification to spread your risk.
* cutting losses and securing profits with stop orders.
* not staking too much too soon thanks to effective position sizing.
* pyramiding more money into your winning positions.
* leveraging your investments for greater gains.
In a nutshell you will learn how to… “BUY like a Trader and HOLD like an Investor”
WARNING: This strategy could seriously damage your wealth…or make you rich!