Joined November 2021
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10 Dec 2023
The BIG challenge in trading / investing is to persuade your MIND that your trade / investment idea will, in the future, be correct.
You then have to actually get your mind to ACTION (risk an amount of MONEY of choice) that idea BEFORE the move happens.
After = Too late
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17,718
Takes a LOT of time
To become consistently profitable
Takes a LOT of practicing (back testing real trading)
To become consistently profitable
#Years
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To become a CONSISTENTLY PROFITABLE TRADER
(which is the goal of trading) You will probably need to pretty much lock yourself in a room and keep practicing for 4 whole years!! as this guy did.
Yes anyone can trade it's easy, but very few can become consistently profitable.
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The Market does the work
of moving the price,
So when the Market goes your way
Trading feels EASY
But when the Market goes against you,
(which it does a LOT)
Trading feels hard
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Jun 13
Tip 1: Accept that #probability involves losing
Tip 2: Learn to control the quality of the mind that you bring to the management of uncertainty
- Rande Howell
Jun 13
Learn to "like" losing.
It is a hard part of trading.
#Psychology
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Jun 12
and the SpaceX IPO is trading LIVE.
Opened at $135 - and now at $163.
My prediction ahead:
$135 - $225 - $85 - $75 - $65 (time to maybe BUY) - $55 - $65 - $85 - $105 (2 years later)
2036 = $657
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Jun 12
Losses hits your trading $$$ balance in a nasty way.
Which is a tuff experience
That is hitting your nervous system.
That in turn makes you fearful.
That then makes you start to hesitate
and over think
and miss out.
Start - to become more aware of the internal stuff
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Jun 12
Saw interesting YT video. With IPO of 3 new co's on Nasdaq soon, could mean lower prices for current best co's on Nasdaq.
Watch for better (bargain) prices incoming
1. Nvidia
2. Google
3. Meta
4. Broadcom
5. Micron
#Opinion (not financial advice)
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Jun 11
Waiting is the BEST thing you do
(Waiting is the thing you must learn to do BEST)
- Kimmel Trading
#Patience
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Jun 11
Everything works some of the time,
But nothing works all of the time.
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Jun 11
A setup = 5/5 on your own technicals
- See Entry & Trade
- Standard Risk Management (say 4%)
A setup = 4/5 on your own technicals
- See Entry & Trade
- Lower Risk Management (say 2%)
#Opinion
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Jun 11
$9.9bn in paper losses currently!!!
(These are some of the so called best Investors in the world)
NEW: @fundstrat's @BitMNR has acquired 25,000 $ETH for $41M, bringing its total purchases to 125,000 $ETH worth $205M over the past three days.
The firm now holds 5.54M $ETH and is sitting on an estimated $9.9B in unrealized losses.
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Jun 11
There is a gap
between what you know
and what you do.
Everyday - work on:
Closing the gap,
between what you know
and what you do
#Traders
#Trading
Building #Skills aimed at having #FinancialFreedom
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Jun 11
DCA - Dollar Cost Average
BTD - Buy The Dip
If you have #DisposableIncome
Then #BePatient
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Jun 10
and just like that...
Oil Gold Bitcoin Nasdaq all show signs of trend reversal. All at the same time.
All at around NYSE open.
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Jun 10
Guess everything is falling in price
(Gold & Bitcoin mostly)
to go into SpaceX
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Jun 10
SEE EDGE TRADE - sounds simple right.
But this starts to happen:
1. Don't see the Edge (that was), so don't place (miss) a trade
2. See no Edge, but place a trade
3. See Edge, but hesitate and do not place a trade
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