The Next Apple: How To Own The Best Performing Stocks In Any Given Year by Ivaylo Ivanov & Howard Lindzon

Author:Ivaylo Ivanov & Howard Lindzon
Language: eng
Format: azw3, pdf
Published: 2015-03-27T18:30:00+00:00

50% return on a $20,000 allocation is $10,000

6% loss on a $20,000 allocation is -$1,200

3 x 10,000 – 7 x 1200 = 30,000 – 8,400 = $21,600

The beauty of the stock market is that you don’t have to be right very often in order to make a lot of money consistently. There are people who are right only 30% of the time and still make millions every year. It is not important whether you are right or wrong; it is more important how much money you make when you are right and how much money you lose when you are wrong. Sometimes you will make a lot of money by blindly following a breakout in a momentum stock. Sometimes you will lose. How much you lose and how much you make will depend on two factors: 1) the market and 2) you. It is not true that you decide how much you lose and the market decides how much you make. Nope. A stock could triple, but it is up to you when you sell: you could sell when it is up only 20%, having no clue what the future holds.

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