Quote from: KingsDen on Today at 01:05:10 PM

Quote from: SmartGold01 on April 12, 2024, 08:46:55 AM

Re: Does trading belongs to everyone?

Actually trading is not for everyone, and this statement does not mean that it is not open for everyone. It is actually open for everyone, it is just like an ocean were only the skilled and lucky ones are able to fetch from. Some people can actually know how to trade, they can actually know how to read the charts and candlesticks, but they are not emotionally strong for trading. As I always say, at every point in time each and everyone of us must have laid our hands in trading before we discovered that actually it is not for everyone. I could actually remember when I was emotionally disturbed for 3 days because my portfolio was in the negative side for 3days because I didn't use the stop loss. It was when I actually discovered that trading is not for me.

Alternatively we can call it survival of the fittest since everyone is permitted to learn and trade like everyone has access to it but the ability for them to understand it more better is what makes them trader. One can be called a trader when they gradually started making money from it and seeing how stable and comfortable with their skills then we would calls them trader.
Again if you can keep focusing on your portfolio for any slight change then you could be easily affected by every little drop and change of your assets so I will always encourage you not to regularly check your portfolio and it should be on targeted duration of investment like 4 years above except you are doing day trading or scalping.