If you want to beat a man, you attack his weakness. If you want to break a man, you attack his strengths.
Uncle Irv
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Before you embark on a journey of revenge, dig two graves.
Confucius
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There is no elevator to success, you must take the stairs, step by step
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As soon as I saw ĀØarrived at the officeĀØ I knew my style is different from this guy. I donāt want to go anywhere to do my trading.
For me, time does not equal money in trading. At least not in swing trading. Looking at a chart for a sign takes a couple minutes (ideally). If price is trending and there are no retracements, or anything, then yeah itās 30 seconds or less.
If price is reaching S/R level, then it will require more time. If I can develop more confidence, identifying a signal and placing a trade is about 10-15 minutes, at the most.
All my trading should be done in LESS than two hours. It can range anywhere from 30 minutes to 2 hours. Iād rather have an office at home for that. So, when people say full time or part time trader, itās a little strange to me. Does that mean Iām trading for 40 hours per week, or am I living off of my profits from trading?
Because, I can tell you this much, Iām trading to have MORE free time, not less.
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In terms of my trading, I start at 9pm and can work until 9am the next day, but usually I finish by 7am. The only problem is that some days there are no trades.
In the past few years, trading has become the most boring thing Iāve ever done. I turned 49 this year, and Iām looking for a way out before I turn 50. it was fun when I first started but now I canāt stand it.
Iām no longer in love with the process, The reason I started this thread is to recapture my glory days, LOL.
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Bubbles and Crashes
The so-called shortsellers live off the mistakes of others. They win when others lose. A shortseller benefits from the fact that many investors are guided by the delusion of the day. The events at three famous companies popular among investors, the Flemish Lernout & Hauspie, the German Wirecard and the American Gamestop, show the forces the shortseller encounters when going against the emotions of the masses.
Do you like/prefer to trade for up to 12 hours?
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When I first started, it was fun. After five years, it has become so tedious, but itās my livelihood. Itās like going to a job you donāt enjoy.
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Iāve heard that before - but Iām not sure it was from āconfuciusā - Worthy of consideration though !
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āThe best revenge is to not be like your enemiesā
Marcus Aurelius
Moving on and continuing your lifeās journey is the best course of action
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In a society, television, radio, newspapers, and mass media all play a major role in shaping how people behave and act
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