Trading rund um Wachstumswerte

Und mal wieder ein paar interessante Kommentare von Victor Sperandeo - er ist ja als Trader auch nicht unbekannt und ist trotz oder wegen seines aktiven Ansatzes sehr erfolgreich

Trading objectives

I view the objectives in trading as a three-tiered hierarchy. First and foremost is the preservation of capital.

When I first look at a trade, I don’t ask, “What is the potential profit I can realize?” but rather, “What is the potential loss I could suffer?”

Second, I strive for consistent profitability by balancing my risk relative to the accumulated profits or losses. Consistency is far more important than making lots of money.

Third, I attempt to achieve superior returns. I do this by increasing my bet size after, and only after, periods of high profitability.

The key to building wealth is to preserve capital and wait patiently for the right opportunity to make the extraordinary gains.

Conclusions

Like many successful traders (and blackjack / poker players) Sperandeo plays the odds, betting more when his chances are best.

When they are not so good, or when he hits a losing streak, he pulls back.

He’s always quick to cut losses, but even more so when his positions are larger.

He’s no fan of buy-and-hold.
And he sees the willingness to admit mistakes as the most important characteristic in a successful trader.

All of which is relatively easy to apply as a private investor.

https://the7circles.uk/victor-sperandeo-...w-old-too/
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