Another word for defensive is "risk management". If you take care of the risk, such as stop loss, preserve capital, ..... the rest will fall in place (like making profit) if it comes your way.

It is like performing some stunts, which most important of all for any stuntman, precaution is the utmost important above all. This will at least save you to be able to do the next "risk taking" stunt if thing fails than earning the money for a great stunt. 

If the stunt is successful, you make the day, if not you still can live to do the next or many more stunts if you take care of the risk and prevent it from hurting you seriously. Of course, taking some risk in stock trading is part of the game.

In short, don't lose your pants, if you think you still have the underwear!!!!! Think again

Another word for defensive is "risk management". If you take care of the risk, such as stop loss, preserve capital, ..... the rest will fall in place (like making profit) if it comes your way.

It is like performing some stunts, which most important of all for any stuntman, precaution is the utmost important above all. This will at least save you to be able to do the next "risk taking" stunt if thing fails than earning the money for a great stunt. 

If the stunt is successful, you make the day, if not you still can live to do the next or many more stunts if you take care of the risk and prevent it from hurting you seriously. Of course, taking some risk in stock trading is part of the game.

In short, don't lose your pants, if you think you still have the underwear!!!!! Think again

Another word for defensive is "risk management". If you take care of the risk, such as stop loss, preserve capital, ..... the rest will fall in place (like making profit) if it comes your way.

It is like performing some stunts, which most important of all for any stuntman, precaution is the utmost important above all. This will at least save you to be able to do the next "risk taking" stunt if thing fails than earning the money for a great stunt. 

If the stunt is successful, you make the day, if not you still can live to do the next or many more stunts if you take care of the risk and prevent it from hurting you seriously. Of course, taking some risk in stock trading is part of the game.

In short, don't lose your pants, if you think you still have the underwear!!!!! Think again

I like what you said... ("... Things that are easy to get are not valuable...")

Because that saying applies to both sides (those who are bullish and bearish at this moment).

But you are being contentious when you made that statement. In other words you said that to 'strengthen' your your bull-biased point of view.

And I must say that positive thinking is the worst quality to have in the stock market.

On the contrary, negative thinking is the best trait to have in the stock market. This is why many professional stock players practise 'cut-loss' or 'stop loss'.

That is pure defensive thinking... it is neither positive nor negative, just simply defensive.

Only amateurs adopt a 'positive thinking' (aka. faith) when dealing with stock market. and many have paid for it with their lives...