Daytrade
Day Trading vs Mid-term investments Day Trading 🌪️📉📈
Day trading involves buying and selling financial assets within the same trading day. Traders constantly monitor the market, aiming to capitalize on short-term price movements. 🕒⏰
👍 Pros:
Potential for quick profits with multiple trades in a single day.
High adrenaline rush and excitement from rapid decision-making.
👎 Cons:
Requires constant attention, often leading to stress and emotional fatigue. 😓
High risk due to rapid market fluctuations and trading fees.
Mid-Long Term Investments 🚀📈📉
Mid-long term investments, on the other hand, involve holding assets for an extended period, ranging from several months to years. Investors focus on the asset's overall growth potential and fundamental value. 📈💹
👍 Pros:
Lower stress and emotional strain as you have time to analyze and make informed decisions. 🧘♂️📊
Potential for significant returns through long-term market trends. 📈📈
👎 Cons:
Limited excitement in comparison to day trading, as it requires patience and discipline.
Requires a solid understanding of market fundamentals and long-term trends.
Why the Second Option Is Better Emotionally 😌
While day trading can be thrilling, it often comes with high stress and emotional tolls. The constant pressure to make quick decisions and the fear of missing out (FOMO) can lead to impulsive actions and losses. 😫
In contrast, mid-long term investments provide emotional stability. H aving a long-term vision allows you to detach from short-term market fluctuations and focus on the bigger picture. This patience and emotional balance can lead to more thoughtful investment decisions and better overall returns. 😊
Remember, successful investing is not a sprint but a marathon . So, consider the emotional benefits of mid-long term investments, and you'll find yourself on a calmer, more fulfilling financial journey. 🏃♂️🚀
ES/MES week planAfter ES/MES broke out in June from it's resistance at 4327.50 that area became a high demand target. It rallied up to 4493.50, almost reaching 4500, but not before flushing back down and retesting 4369.50. Creating a new resistance that needed to clear for a move higher.
This week I'm looking for similar action to happen, but with FOMC on Wednesday anything is possible. With the break out from 4493.50 we rallied up to 4609.50 were we are now either going to base, or repeat a similar pattern and flush down to 4523.50 and reatest this zone before moving higher. If this level gets taken out then 4493.50 is the line in the sand before we go lower. This was the break out level that started the recent big move up.
Majore levels looking for upside are 4580.75, 4594.75, and 4609.50. levels for downside looking at 4560.50, 4551.50 and then 4523.50
Daytrade Review on the Hang Seng IndexI small trade today on the Hang Seng Index that turned out to be quick and simple with little to no pressure from the entry. Could have been a better exit but all up it was a good start to the day.
I will explain the price action for the Entry and the reasoning for the trade coming into the start of the session.
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Stock Market Logic Series #4The Puppet Master in his best work.
Once you see him, you can't unsee him.
Whether you are a day trader or a stock investor, you should know where the bigger player that plays the stock intends to buy or sell the stock.
If he intends to buy the stock, the stock will eventually go UP.
If he intends to sell the stock, the stock will eventually go DOWN.
You should always have in mind the following perspective:
The bigger player AKA the Puppet Master, has unlimited amounts of money.
He controls the market. If you view the market in this way, you will get the insight that if you think of yourself as having unlimited money to use, what would you do???
- You should make an experiment in TradingView Demo, and play as if you have unlimited money. You will get a lot of insight to the mind of the puppet master, just from this experience only.
- You would try to buy out, all the other players and seduce them to sell the stock to you.
- You buy out other people, by increasing the price up by pressing on the ASK, so people will take small profits.
- You would try to shake out, using fear, to make other players sell the stock to you.
- You shake people out by stopping buying on the ASK, and only willing to buy what other people willing to sell, you have time, you know you at any time can move the stock up, no matter how hard it went down. You move the stock up at any time by pressing hard on the ASK buy button.
- Having unlimited money does not create stocks, it has to come from someone else. You need volume, so you could buy stock from weak players. As stated you have your ways of doing the above.
-There is no selling and buying simultaneously, you have your campaign of buying and then of selling. Never do both at the same time. You thinking big, making serious money from the markup and the markdown of the stock.
Once you understand this perspective, by looking at the volume, you can have a very good guess of what the bigger player or Puppet Master is doing. You see where he creates volume and where he has no volume, so he needs to respond (by buying aggressively on the ASK, and pushing the stock up).
Chart is also self-explanatory
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Stock market logic, volume analysis, chart patterns :)