Turbulent markets, how to become a Winner

Time to revisit Stanley Kroll's views on what makes a winner and what makes a loser.

"Someone once said, 'The best way to make a small fortune in financial
speculation is to start with a large fortune.' It is unfortunate, but this
cynical quote is very true, because the vast majority of active specula-
tors, whether in stocks, currency, futures, options or derivatives end
up losing money. Let us examine why this is so, and what we can do
to position ourselves within the small, but winning minority.
In his memoirs, written in 1829, Bourriene recounts an incident in
which Napoleon was asked which troops he considered the best. 'Those
which are victorious, madame,' replied the emperor."

Read on:

Part 1

 

Part 2