Quote from: BartS on January 21, 2020, 04:18:09 AM

Quote from: leoqe on January 16, 2020, 01:10:21 PM

Quote from: Akagum on April 30, 2019, 12:53:34 AM

A guy bought a very big house, which triggered an argument on a telegram group.
some people were arguing on a telegram group that they guy couldn't have bought the house with only trading profit....some insinuated that he must be into other businesses.
I laughed at their ignorance.
Why? Because I know that even in this present market condition that some skilled traders are making a killing.
I'm not talking about traders who trade with small capital here.
The conclusion is that when you trade with massive capital ,you earn massively.

Generally speaking, I believe that a big risk is a poorly thought out strategy. The risk should be minimal, otherwise you can lose everything, and this is just a lottery. This is not professional.

The topic of finance is not a place for heroes, here the one who thinks well over the course of his actions and, most importantly, thinks through the risks well is the winner!

I have the same thoughts those that have become really successful when it comes to investing use very conservative strategies and as soon as the idea they had about the movement in the market gets invalidated they get out of their position and accept the small loss while newbie traders keep holding their positions hoping the market is going to turn around and when it does not they lose such a huge amount of money that it becomes impossible for them to ever recover the money they lost.

They hold because of the misconception, they think that they can beat the market by holding. They are not aware that there should always perfect timing in holding. I will only hold if the market is forming higher highs and highers low because the buying pressure is high where we can expeft that there will be a upward movement. For those people who have risk and management where they have stop loss are most likely the persons who can survive and become a successful trader in the near future.