Dave a kind reader, wrote and wondered how he can get rich. That’s a million dollar question for sure. Surprisingly the answer is simple but not easy to do. Why? Because most people allow emotions to guide their decision making and that’s usually fatal. Ok so here it is, the number one rule for getting rich… for real!
We all agree that you need to take some kind of risk to get a reward. So most people understand that they need to invest in something. As far as the investment markets go, the number one rule to making money and getting rich is………..DON’T LOSE MONEY……..please read on.
Now most of you think this is pretty obvious, but believe me when I tell you most people ignore this one rule. So the question is: Mark, how do I not lose money?
There’s 2 ways to do that… Position sizing and trailing stop loss orders. If anyone wants to know how to use these techniques that the pros use TO BECOME RICH, then ask me. I know… I use them.
Comments (1)
this post is very usefull thx!