Don’t try to maximize profit, try to minimize risk.    Capitalforexappreciation.com   I don’t want a 5% chance I make so much money I can own a jumbo jet, I want a 99% chance I can fly first class for the rest of my life. Make every trade because you have a thesis (a reason you can write down in a paragraph.) Hold the stock for at long as the thesis remains true, sell if it proves to be wrong.Email to:Wendy.

One good idea can turn $10K in $1M over 20 years, that more than offsets 10 good ideas that didn’t pan out. Don’t trade prices. Never buy a stock “because its price dropped a lot.” Never sell a stock because “you’ve made a profit,” or “it fell 10% and hit your stop.” Diversification, tax efficiency, and fees are important. Pick a risk level and try to maximize return for that level. Minimize taxes by putting income products in tax-deferred accounts. Buy low-fee products like ETFs. That can be the difference between beating inflation by 2% a year and 4% a year. In the long term, your portfolio doubles in half the time.  Email to: Wendy.  Capitalforexappreciation.com