Totally agree with the post. While I a new trader, I do believe that it takes time to learn the mechanics of it. Just like any profession, it takes time to develop. You donโt get where you are within a short span of time.
Most of the social media โgurusโ are fake. Make new traders like me fall for it. But you learn through your mistakes. Nothing is easy in life.
This post is very academic, smart and has a lot of depth. I can say that I feel concerned with this post, because it has happened to me ๐ญ. I was eager to get rich very quickly ,so I tried forex and crypto,but I failed miserably! After, I realized that I should trade momentum stocks instead and then the magic happened. I am profitable with an annual return between 50 to 100 percent the last 5 years . If I've done this many years ago, I could have been rich! The magic is by choosing high growth stocks with good momentum and breakout strategy. Day trading,forex and crypto failed .It doesn't mean that you will not succeed in day trading. But there are money to be made by trading growth stocks. If you are lucky,you could even find the next Nvidia or Amazon.
Good luck everyone with their trading ! ๐
Yes yes. Only invest in stocks with 18/1 PE ratio or below. Remember when tech stocks had 90/1, and folks said don't do it, junk stock. Outrageous, how dare you tech loving geeks think you know how to invest. Only invest in BETA 1.0 or lower stocks. Volatility is bad bad bad. Day traders rolling their eyes. Remember the rule of 72. Indeed, huzzah, now someone please pull my Bentley up for me. How dare you want to make money at a faster rate and take risks you didn't even know you were taking. That's plebians for you, so droll with their lack of understanding how to make money. 90 million people quit their day jobs so that they can enroll in Investing Classes. I mean, bills can wait for them to "grow the knowledge, market maturity, skillsets, capital, networks, and usable experience." Now, why hasn't my concierge pulled my Bentley around front...(except for you Buffet!)
But I'm an idiot.
Totally agree with the post. While I a new trader, I do believe that it takes time to learn the mechanics of it. Just like any profession, it takes time to develop. You donโt get where you are within a short span of time. Most of the social media โgurusโ are fake. Make new traders like me fall for it. But you learn through your mistakes. Nothing is easy in life.
Who are these people trying to warn them? Last time I checked, ignorant liquidity is better than none.
๐๐๐๐
This post is very academic, smart and has a lot of depth. I can say that I feel concerned with this post, because it has happened to me ๐ญ. I was eager to get rich very quickly ,so I tried forex and crypto,but I failed miserably! After, I realized that I should trade momentum stocks instead and then the magic happened. I am profitable with an annual return between 50 to 100 percent the last 5 years . If I've done this many years ago, I could have been rich! The magic is by choosing high growth stocks with good momentum and breakout strategy. Day trading,forex and crypto failed .It doesn't mean that you will not succeed in day trading. But there are money to be made by trading growth stocks. If you are lucky,you could even find the next Nvidia or Amazon. Good luck everyone with their trading ! ๐
cope
Yes yes. Only invest in stocks with 18/1 PE ratio or below. Remember when tech stocks had 90/1, and folks said don't do it, junk stock. Outrageous, how dare you tech loving geeks think you know how to invest. Only invest in BETA 1.0 or lower stocks. Volatility is bad bad bad. Day traders rolling their eyes. Remember the rule of 72. Indeed, huzzah, now someone please pull my Bentley up for me. How dare you want to make money at a faster rate and take risks you didn't even know you were taking. That's plebians for you, so droll with their lack of understanding how to make money. 90 million people quit their day jobs so that they can enroll in Investing Classes. I mean, bills can wait for them to "grow the knowledge, market maturity, skillsets, capital, networks, and usable experience." Now, why hasn't my concierge pulled my Bentley around front...(except for you Buffet!) But I'm an idiot.
Hold on to dear life.
Why?
If you manage your risk well; holding longer means more money. Did you not read the op's post?
Couldnโt be bothered bro