Every successful trader stands on the shoulders of giants.
Jim Rogers is one such giant.
Here are 5 valuable trading lessons from him on how to build a solid strategy:
- Study History.
- Past informs the present.
- Understand historical market cycles
- Learn from past market bubbles and crashes
- Recognize patterns that repeat
- Diversify, But Not Too Much.
- Spread risks wisely.
- Don’t put all your eggs in one basket
- But avoid over-diversifying and diluting returns
- Concentrate on high-conviction bets
- Know When to Exit.
- Every investment has its time.
- Set clear exit criteria for each trade
- Recognize when fundamentals change
- Take profits strategically
- Research Intensively.
- Information is power.
- Dive deep into markets and economies
- Trust but verify all data
- Commodities Matter.
- Real assets offer real returns.
- Diversify with tangible assets
- Understand supply and demand dynamics
- Recognize commodities’ cyclical nature
To learn more about How you can Start Trading for a living, sign up below for my Free Training on the “7-Steps to Financial Freedom through Trading”.