Some lessons from the Experienced Trader, I would love to share with you.
7 - Flexibility:
Learn to Adjust Buddy! The market is not going to grow if Mr. John has financial problems.
Learn when to cash in and cash out.
6 - Stop Overtrading:
Sometimes we have to stop overtrading. Patience pays off man.
5 - Invest & Get profits:
Invest your money and cash out some profits. So when the market goes down
your principle is not at risk at that time.
4 - “Don’t put more than you can afford to lose”:
Yeah I have heard this soo much time. There is a reason why I am saying this because when we put more money than we can lose, we behave emotionally, and emotional trading will not accept market.
3 - Diversification:
Don’t put all eggs in one basket. Yes, make a portfolio of short-term and long-term investment.
2 - Success in Day trading:
I would like to call day trading a gamble there is a high risk of losing money I won’t suggest you do that.
1 - Long-term Player:
‘Be in the game’ make a position on your holding. Don’t short it, again and again, think of those people who shorted bitcoin at $500 now they can never buy those coins at that price.
Image Sources:
https://goo.gl/images/EzMqD7
https://goo.gl/images/DHVtqA
https://goo.gl/images/qHsPVX
https://goo.gl/images/UxP32o
https://goo.gl/images/F8iZpk
https://goo.gl/images/ho5rPx
https://goo.gl/images/2Du8iC
Day trading is a zero-sum game. One person's gains are another person's losses. If you do day trade, learn to cut your profits and losses. ALWAYS REGAIN YOU PRINCIPAL BEFORE YOU MAKE RISKY DECISIONS.
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Exactly brother thanks for your comment.
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Thanks for the tips! Loved the gifs you used :D
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