“Thanks to your free course. I think I saved myself what I could not really afford to lose…”

Feedback in:

Hello Michael, Since I started, I developed the “stop-loss” mindset. I added a stop-loss order to all of my current stock profile and last week this offloaded 17 out of 28 positions. I think my mindset is an observant mindset, so I looked at what I did and evaluated the transaction costs, and trading costs, and as well the downside if I had not taken this position. Thanks to your free course. I think I saved myself what I could not really afford to lose, more than 5% of my retirement savings. I am not sure if this is a mindset or just an action in real time. I also adjusted my stop-loss today for a couple of stocks that were going on the long side and gaining more profits to protect my profits. The mindset change is from a passive investor to an active one in my own financial life as I have always been passive with respect to investment. I guess the main mindset that I would like to adapt is the “trader” mindset. I always had this assumed belief that “traders” are different creatures than us “professionals” and that they typically learn the tools of the trades through family systems that they inherit. And that I was born in a family of “professionals” are cut out of this “trade” business or “traders”. But, when I read about growth mindset, it means that we can acquire the tools or skillset as we go (contrasted to a fixed mindset). I concluded that I had a fixed mindset about the traders and that I would like to change to have a growth mindset.

Thanks,
Sayed E.

Start with my FAQS below.

Filed under Trend Following