Biggest lesson i learnt in 2023 in trading is that nobody knows what is going to happen next, so practice some humility and follow a strategy with a long term edge.
I tried day trading and it wasn't for me. My heart felt like it was going to explode and I lost too much sleep over thinking about my positions. For people that take losses and keep trading like the traders in the video, kudos for your dedication, but remember to take care of your health too.
Becoming a good trader takes time and patience. When i first got into trading i was liquidated twice, and lost my entire mortgage deposit. I could have given up, but decided to learn how to trade and put it into practice. 4 years later and i am glad i made that decision.
Man I couldn’t imagine trading back in the day when the chart refreshes every 10 seconds.
You should only have four types of transactions with the market 1) large win 2) small win 3) break even 4) small loss Proper risk management will remove the possibility of a large loss
Never hold a negative position , and never do “research “ trying to figure out why it’s a negative trade while in the negative trade….lol Know the entry , exit and profit point before starting…….and stick to it. Guessing and hoping isn’t a strategy. Cut your loses early and ride your profits. All this takes discipline Peace
You work for 42yrs to have $2m in your retirement, Meanwhile some people are putting just $20k in a meme coin for just few months and now they are multi millionaires. I pray that anyone who reads this will be successful in life
“Well it’s got some support here at the 16 area and bounce back up” Stock: 😈
These are an exercise in denial. It's hilarious to listen to people trying to rationalize their bagholding. "The market always dips on Thursday. I'm wearing a green shirt so that should help. The current lunar cycle suggests I should hold."
#1 Rule: Don’t hope, cut your losses quickly
I want to start investing but don't know where to begin. Any helpful tips or contacts for guidance?
Victory gives you happiness. Loss gives you lessons.
Best advice I've gotten: only trade what you can 100% afford to lose. Act like you're already losing the money when you invest, it'll help you avoid massivedevestating loss
Successful people don't become that way overnight. What most people see at a glance- wealth, a great career, purpose-is the result of hard work and hustle over time. I pray that anyone who reads this will be successful in life..
You work for 40yrs to have $1m in your retirement, Meanwhile some people are putting just $10k in a meme coin for just few months and now they are multi millionaires. I pray that anyone who reads this will be successful in life
If the first dude woulda just held for a year he’d be killing it rn
I know there’s definitely something wrong when i hear a trader pleading with the market 😂 “come on, come on” But we’ve all had our fair share losses so we know the feeling! Stay strong guys
lost 4k in may, made 25k in september and reaching new heights. you live and you learn. 4k from a 7.5k portfolio that was up 3k during the run. learned proper strategies and entry points, this was my first year investing without anyones aid but the drive to learn how and why stocks moved. i remember staying up a few hours just to learn the basics the same da. i trade on my own and research stocks before i invest. the market can be a dangerous place
as a newbie to trading. I learned the hard way that greed will be your biggest downfall in this. Take the profits, minimize losses. Live to fight another trade.
@bernardoseabra4008