Trade Detail: INTC

I figured it would be good to go over an actual position so I decided to go over my position I just opened in Intel. I decided to open this position because fundamentally I like the company, if this rally is going to continue it should benefit and it offers a clearly defined exit point if not.

Let’s first look at the chart and then I’ll talk about the specifics of my position and why I decided on the option I chose. Here is recent action:

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Basic investment rules that shield us against mistakes

All people live differently and have different feelings and emotions towards money. Since we were little, we started creating different habits, based on what we saw and what we felt. These habits shape our characters as persons, and therefore have an effect in the way we make our investment decisions. Therefore, investment decisions are very personal and unique to each person.

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Stay Flexible

You are not smarter than the market. Let me rephrase. You MAY be smarter than the market but that is irrelevant. We all know the phrase of irrationality and solvency so I will spare repeating it. Just stay flexible.

Managing risk can become difficult especially when you have conviction about a position however it must ALWAYS be used. Conviction without risk management will bring about ruin in the long run. I personally like the trades I have conviction about the most but I still use risk management regardless.

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