Every so often, exogenous events will cause a major collapse in prices. If you wait for these opportunities, then load up on great companies at cheap price, you will outperform every one.

Stock price direction is a function of several factors: valuation, future expectations, sentiment, and liquidity

Good trader's trait: unemotional, hard-working, and disciplined

Never make a bet you cannot afford to lose

You have to be very decisive, extremely disciplined, relatively smart, and above all, totally independent.

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