Trading Ideas| How to Invest?
Hello everyone! Today i want to share some trading analysis with you!
1.
t's important that you do not rush into trading for the sole purpose of making money or using it as an escape from your current situation. Trading is not an easy way out, it requires discipline, risk management, and active and continued learning. You need to commit to trading for at least 2-3 years to gain enough experience and develop an understanding of which trades to take and which ones to avoid.
Regardless of whether you have a good or bad week, do not let it affect your mood or mental state. Trading is a long marathon that demands consistency, objectivity, and a neutral mindset. Whether you make a profit of $500 or $1 million, next week is a new week with different levels of risk and reward.
Remember, the longer you last in this game, the better you will become. Make sure that every decision you make is geared towards the goals of longevity and consistency. There is no value in getting rich quickly. Trading is a struggle, but it will be worth it in the end when you finally make it. So, stay focused and committed to your trading journey. $S&P 500(.SPX)$
2.
The newbies are about to get smoked during this consolidation period. Averaging down is a LOSING strategy. Only add to WINNERS.
We’ve seen about 5 weeks of consolidation. When this market bottoms this month we’re going to see upside opportunities that can grow an account 5-10x. Be patient for now
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
- emalou·03-21Excellent adviceLikeReport