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& #39;t underestimate the power of fear. No one is immune to it.
4. Life is short. Don& #39;t waste it in a job you don& #39;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& #39;t mess with it.
7. Health is wealth. Don& #39;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& #39;t be scared of them. They don& #39;t bite.
16. Zoom out. Think longer-term. Especially in times of market stress.

Wealth isn& #39;t built overnight.
17. Don& #39;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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