Investment vs. Trade
I heard Jim Cramer on CNBC during his show “Mad Money” with a great bit of advice. If you are an active trader, you will appreciate this simple bit of advice.
“Don’t turn a trade into an investment and don’t turn an investment into a trade!”
I can relate to that with my own trading. The key is to have a plan and stick with it. There will be major events that can have an impact on that, but for the most part you have to remember the quote above.
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