Keys To Successful Trading / Speculation / Investing

The are two Main Keys to Successful Trading or Speculation or Investing.
1. By trading in the "Direction of a Trend", and
2. By using a "Logical Stop-Loss Strategy".

If the trend is UP (Bull market) we want to be buying every decline or pullbacks, and when the trend is DOWN (Bear Market) we want to be selling rallies or pullbacks.

The questions that needs to be answered are:
1. What is a "Trend"?, and
2. What is a "Logical Stop-Loss Strategy"?

The answer to the above 2 questions is the Key to Successful Trading, Investing or Speculation.

Here is a chart example, just for illustration purposes, of how to manage a trade in a downtrend (bear market)  once we are in it.