Did you know that most beginner traders can't follow their rules for 7 days in a row? Unfortunately, they start overtrading or changing the rules of the system, entering random trades, overrisk, etc. I've been there many many times myself, but then slowly started focusing on this part and made my first 7, then 10 days of rules following, broke with another tilt,...
Markets across all asset classes hate uncertainty because it causes traders, investors, and all market participants more than a bit of indigestion. Fear and greed are emotions that drive impulsive behaviors. Effective decision-making depends on a rational, logical, and reasonable approach to problem-solving. The Fed finally addresses inflation Recessionary...
A perfect trading environment? Volatility is a mixed blessing. Day traders love lots of action as it creates opportunities to make or lose money. Day traders are action junkies, looking for price moves and technical patterns like predators hidden in the reeds to pounce. Trade or investment- Make a choice before pulling the trigger Trading- One set of rules ...