Some lessons from the Experienced Trader, I would love to share with you.
7 - Flexibility:
Learn to Adjust Buddy! The market is not going to grow if Mr. John has financial problems.
Learn when to cash in and cash out.
6 - Stop Overtrading:
Sometimes we have to stop overtrading. Patience pays off man.
5 - Invest & Get profits:
Invest your money and cash out some profits. So when the market goes down
your principle is not at risk at that time.
4 - “Don’t put more than you can afford to lose”:
Yeah I have heard this soo much time. There is a reason why I am saying this because when we put more money than we can lose, we behave emotionally, and emotional trading will not accept market.
3 - Diversification:
Don’t put all eggs in one basket. Yes, make a portfolio of short-term and long-term investment.
2 - Success in Day trading:
I would like to call day trading a gamble there is a high risk of losing money I won’t suggest you do that.
1 - Long-term Player:
‘Be in the game’ make a position on your holding. Don’t short it, again and again, think of those people who shorted bitcoin at $500 now they can never buy those coins at that price.
Image Sources:
https://goo.gl/images/EzMqD7
https://goo.gl/images/DHVtqA
https://goo.gl/images/qHsPVX
https://goo.gl/images/UxP32o
https://goo.gl/images/F8iZpk
https://goo.gl/images/ho5rPx
https://goo.gl/images/2Du8iC
Day trading is a zero-sum game. One person's gains are another person's losses. If you do day trade, learn to cut your profits and losses. ALWAYS REGAIN YOU PRINCIPAL BEFORE YOU MAKE RISKY DECISIONS.
Exactly brother thanks for your comment.
Thanks for the tips! Loved the gifs you used :D