At some point the market makes everyone feel like a genius. That's the seduction and the trap! You eventually get rewarded for breaking a rule, and then you’ll break more rules; then the blowup! In the end, nothing more to show but a thrill ride. There's no longevity in luck.
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Visualize what you expect to happen and how you will react. More importantly.. see in your mind what can go wrong and how you will react. Make this routine contingency planning.
According to your 3rd book, could you please explain how to practice visualization in trading? @markminervini
— KoRn (@kornkonthorn) July 24, 2021
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The word is sacrifice. You are not going to be the best at day trading, swing, value and growth investing. It will be amazing if you can master just one. And you only need one. So pick one and sacrifice the rest! There is no other way unless you want to suck at a bunch of things.
What is the single unavoidable thing you must do to be the best or great at one thing? One word?
— Mark Minervini (@markminervini) April 14, 2021