⭐ Merited by JayJuanGee (1)
The very best traders it will give profits, dont doubt some people got magic in their finger tips. We're talking a rarity though, assume its not you as most people should not expect to win trading.
The dedicated trader I know who is regularly able to capture trades and walk away from it win or loss without being too caught up also rises at 4am every morning, watches the Japanese markets onwards for the best clue on how global sentiment is rebounding in markets that day. Most of us lack both the clarity and dedication to really listen for the smallest clues how to proceed that day which might be completely different to the next.
The reason I caught this thread again to read is the basic premise is with us once again, dont forget the mantra hold whenever you can. Times like this the grip can get tiring and we may slip
Markets want to test strength, its a positive eventually to have an active market even if that might be a lower price sometimes during a bull market.
I think we are traversing a range mostly for now, now looking for a direction given beyond that bounce back and forth we've had many weeks now.
No matter how you sugarcoat it, I will never recommend trading for whatever reason and for the sake of my peace of mind. Trading should be for those who want to expose their capital to risk unlike me that is managing the little resources available in a country where surviving is becoming increasingly difficult and inflation is eating up people's salaries thereby plunging them into depression, I rather invest the money I set aside wisely in a manner I have the confidence that I will not lose it. So I chose to invest and HODL for as long as necessary, probably into my retirement from active service since I can survive from my earnings while I plan my retirement from this time through investing in Bitcoin.The dedicated trader I know who is regularly able to capture trades and walk away from it win or loss without being too caught up also rises at 4am every morning, watches the Japanese markets onwards for the best clue on how global sentiment is rebounding in markets that day. Most of us lack both the clarity and dedication to really listen for the smallest clues how to proceed that day which might be completely different to the next.
The reason I caught this thread again to read is the basic premise is with us once again, dont forget the mantra hold whenever you can. Times like this the grip can get tiring and we may slip
Markets want to test strength, its a positive eventually to have an active market even if that might be a lower price sometimes during a bull market.I think we are traversing a range mostly for now, now looking for a direction given beyond that bounce back and forth we've had many weeks now.
I understand that some people can be very lucky to succeed in trading but whatever enters into being lucky to be able to succeed, I will rather not go that line because it is not too far from gambling with scarce resources. That is how I see trading, as something not too far from gambling.