OP 15 November, 2023 - 07:28 PM
(This post was last modified: 21 November, 2023 - 03:50 PM by IDaredevil. Edited 1 time in total.)
In order for the stock exchange to become a source of income, it is important not only to understand it, but also, let's say, not to quit. A few months will not create capital for you (lottery winners do not count)
That is, you should initially set yourself up to run a marathon, not a sprint. That is, you should be in the market even when you are bored, when it is boring and when it hurts. Active, but not systematic trading, among other sins, can hardly become a marathon. In a bull or trend market, it's okay, but losing money for at least six months, even though you think you work every day.... A normal psyche would break down and run away. Only a very rare psyche can withstand such an occupation, and in most cases - it would be better to run away too.
If someone has the gift of making dozens, hundreds of deals a month with his hands and at a whim, regardless of profit, loss and other trifles - well, this is a dangerous gift. Much more dangerous than not having it. Sort of like a person who would feel no pain at all. It's not an advantage, it's a huge risk, and usually ends badly
Basically, there are two ways to stay in the saddle in all kinds of weather. Passive portfolios and algo trading. Or something in between. For example, a portfolio that is reviewed once a quarter according to some formal, pre-understood criteria, say, momentum. Neither of these requires you to work for half a year at a minus. Because, of course, there will be a minus, but, strictly speaking, you are not working, either
But "tracking the news", "reading quarterly reports", watching the terminal every day to see if a "rocket" is taking off without you, and jumping in in a hurry - this is real work. You get tired of it, either because of a losing streak or just over time. If you look at the places where the "rocket guys" live, there may be 100% profitability, but the deposits are 100 thousand for some reason. As a rule, these are neophyte fans. Then they'll let go. If they survive
That is, you should initially set yourself up to run a marathon, not a sprint. That is, you should be in the market even when you are bored, when it is boring and when it hurts. Active, but not systematic trading, among other sins, can hardly become a marathon. In a bull or trend market, it's okay, but losing money for at least six months, even though you think you work every day.... A normal psyche would break down and run away. Only a very rare psyche can withstand such an occupation, and in most cases - it would be better to run away too.
If someone has the gift of making dozens, hundreds of deals a month with his hands and at a whim, regardless of profit, loss and other trifles - well, this is a dangerous gift. Much more dangerous than not having it. Sort of like a person who would feel no pain at all. It's not an advantage, it's a huge risk, and usually ends badly
Basically, there are two ways to stay in the saddle in all kinds of weather. Passive portfolios and algo trading. Or something in between. For example, a portfolio that is reviewed once a quarter according to some formal, pre-understood criteria, say, momentum. Neither of these requires you to work for half a year at a minus. Because, of course, there will be a minus, but, strictly speaking, you are not working, either
But "tracking the news", "reading quarterly reports", watching the terminal every day to see if a "rocket" is taking off without you, and jumping in in a hurry - this is real work. You get tired of it, either because of a losing streak or just over time. If you look at the places where the "rocket guys" live, there may be 100% profitability, but the deposits are 100 thousand for some reason. As a rule, these are neophyte fans. Then they'll let go. If they survive
