5 Things I Wish I Knew About TRADING Few Years Ago - Business - Nairaland
Nairaland Forum › Nairaland General › Business › 5 Things I Wish I Knew About TRADING Few Years Ago (289 Views)
| 5 Things I Wish I Knew About TRADING Few Years Ago by Veenbanks(op): 5:47am On Dec 18, 2023 |
1. Great success needs PATIENCE. First and foremost, we all expect to make a million dollars per month through trading. The earlier you realize the years of study it takes to become profitable, the better you can approach it, and set realistic expectations. |
| Re: 5 Things I Wish I Knew About TRADING Few Years Ago by Veenbanks(op): 5:49am On Dec 18, 2023 |
2. Select a STRATEGY and abide by it. Once you have a profitable and backtested strategy, never change it. It's okay to refine it when the market changes, but don't use that as an excuse to alter it every given time. |
| Re: 5 Things I Wish I Knew About TRADING Few Years Ago by CooldipoMPS: 5:50am On Dec 18, 2023 |
It is not too late to learn from other people's experience! ![]() |
| Re: 5 Things I Wish I Knew About TRADING Few Years Ago by Veenbanks(op): 5:51am On Dec 18, 2023 |
3. Multiple Timeframe Analysis. Using multiple timeframes is paramount for a clearer and aligned vision. Relying on a single timeframe is like driving in fog without seeing what's 5 meters ahead. |
| Re: 5 Things I Wish I Knew About TRADING Few Years Ago by Veenbanks(op): 5:52am On Dec 18, 2023 |
4. Losses is inevitable. Do you think it's a basic concept? Yet, 99% of traders don't accept losses. Calm your ego and learn from losses instead of seeking market revenge. |
| Re: 5 Things I Wish I Knew About TRADING Few Years Ago by Veenbanks(op): 5:53am On Dec 18, 2023 |
5. Don't dare to PREDICT the money. You can't predict the market, but you can only react to what it tells you. Learn to listen and never marry your analysis. Love the process. |
| Re: 5 Things I Wish I Knew About TRADING Few Years Ago by Veenbanks(op): 6:00am On Dec 18, 2023*. Modified: 2:42pm On Sep 12, 2024 |
Made $14(#17,000) It could have been more all depends on your capital strength. Picture below. To gain more insight about the trading industry, and make cool money for yourself, do yourself a favor, and join my Telegram channel Veenbankszone. 2024 is going to be massive.
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| Re: 5 Things I Wish I Knew About TRADING Few Years Ago by Jeon(f): 6:32am On Dec 18, 2023 |
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| Re: 5 Things I Wish I Knew About TRADING Few Years Ago by LogicallySXT(m): 10:01am On Dec 18, 2023 |
Veenbanks:Nice one. Experience is always the best teacher. |
| Re: 5 Things I Wish I Knew About TRADING Few Years Ago by MindOnMatters00(m): 10:44am On Dec 18, 2023 |
Veenbanks:I have been in the financial market for close to 4 years but paused for some months now. I hope to resume January next year and i believe its not too late to pick up again. |
| Re: 5 Things I Wish I Knew About TRADING Few Years Ago by Veenbanks(op): 10:57am On Dec 18, 2023 |
MindOnMatters00:Leaving the charts for sometime, and resuming later on is ideal. It's never too late. Will be glad to have you on board. |
| Re: 5 Things I Wish I Knew About TRADING Few Years Ago by MindOnMatters00(m): 11:03am On Dec 18, 2023 |
Veenbanks:I didn't completely leave though and sorry i made a mistake earlier, i would be going to 5 years in the markets including crypto and a little idea of stocks. I still got some ideas in me plus my strategy still in the brain but i will need to remodel it and then do lots of training and backtesting but i have been studying too so i didn't actually completely leave the markets but only paused trading. |
| Re: 5 Things I Wish I Knew About TRADING Few Years Ago by Veenbanks(op): 11:31am On Dec 18, 2023 |
MindOnMatters00:Trading can be dynamic, your years of experience, coupled with constant studying, discipline, and backtesting will a be an edge. Massive comeback next year. |
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