I agree that there are strategies that could be put in place for solid gains regardless of economy or market condition, but such executions are usually carried out by investment experts or advisors with experience.
It's not that I can't keep going. It's that when I keep going I keep losing money lol. I'm starting to think people overestimate the mindset stuff. I've read trading in the zone, best loser wins, backtested till my eyes bled to understand that l'm only going to win about 43% of trades... but it's like the only edge I can find gets cut out by spreads and fees. I actually question whether there are that many profitable trading systems which don't involve insider trading. Nobody can seem to show their data on YouTube. Nobody provides like large swaths of backtested information and clear concise strategies. l've spent $ on courses which I can't afford to keep doing, and it's always a bunch of random undefined stuff that has no proven edge besides "trust me bro". At this point I'm going to make this work or end up dead and homeless on the street, if it's even possible... but I really doubt all this mindset stuff being the solution. I've gone through periods where I made it all about getting in the right peaceful headspace before trading, but over time the numbers just don't work out.
Trading isn't a job. There is no job security & regular paycheck. No one tells you what to do to get promoted. You have to take 100% responsibility for everything that happens. There is no one else to blame. Even if you do your best work, you can (and will) still lose trades.
I'm quite lucky exposed to personal finance at an early age, started job 19, bought first home 28, got laid-off work 36 amid covid-outbreak, and at once I consulted an advisor to handle growing my finance.
Local Govts in China are over-leverage and have irresponsible fiscal management. The Western "Experts" are giving their analysis and advise. Meanwhile local govts in USA and UK are declaring bankruptcy as they are "Well and responsibly" managed as per Western "Experts" .. You people actually don't see anything wrong with this picture... geniuses...
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Income
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Posted by Income > 2023-11-16 05:21 | Report Abuse
I agree that there are strategies that could be put in place for solid gains regardless of economy or market condition, but such executions are usually carried out by investment experts or advisors with experience.