Don't listen to other traders and stay off of ideas on TWITTER. Fast way to the poor house.
Think risk control 100% of the time. You are doomed if you don't. The market mistress has a million ways to feed off of you. She will get you in every way possible and those you hadn't thought of.
Start with an open mind, think critically. Who is on the other side of the trade? What do they know and why? Follow a process, play for the big move. Every one wants to make the money, few want to do the work. Patience is key. Insanity, well, irrationality is rampant. Sit tight, better entry points are ahead.
Retired CEO of CHIPPEWA PARTNERS, Native American Advisors, Inc., now managing the Parisian Family Office. A White Earth Chippewa, raised conservative, growing up in the poorest county in the U.S. on the Pine Ridge Indian Reservation, he began a Wall Street career in 1982. Always been, will always be, an optimist. In a world on a dopamine binge, this is his take on life from Ghost Ranch in MT, Pamelot, his TN farm or their home in San Jose del Cabo, Mexico.
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