2020 #LESSONS (so far)

--- an open thread ---
1. Never say never. Impossible is only an opinion.
2. Trading on fundamentals can ruin you. Seriously.
3. Don't underestimate the power of fear. No one is immune to it.
4. Life is short. Don't waste it in a job you don't fully enjoy.
5. Yes. Trading a mean-reversion system with poor risk management is like picking up nickels in front of a steamroller.
6. Toilet paper is a basic need. Don't mess with it.
7. Health is wealth. Don't learn this the hard way.
8. Jobs are temporary. Act accordingly.
9. Working from home DOES work. You should try it.
10. Sentiment trumps fundamentals.

Just look at $TSLA.
11. Warren Buffett is not a trader. Stop making 5min trading decisions based on his latest trades.
12. For the n-th time: inter-market correlations change.
13. Trading platforms can (and unfortunately, most often DO) go down at the worst possible time.

Have a backup or adjust your strategy accordingly.
14. Diversification is overrated.

In a crisis, everything turns to shit.
15. Options on futures are extremely power tools.

Don't be scared of them. They don't bite.
16. Zoom out. Think longer-term. Especially in times of market stress.

Wealth isn't built overnight.
17. Don't chase money. Chase problems you can solve.

Money will follow.
18. Discipline. Discipline. Discipline.

Stop that and life punches you under the chin.
You can follow @iv_technicals.
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