With day trading you can surgically dissect the market with a scalpel, if you truly understand it, but get it wrong and you've just sliced off your penis. Do that a few times and you're then castrated. With batshit crazy clueless flighty sparrow swing traders trying it out with a daytrading mentality, it's more like blunt force trauma with a baseball bat while drunk and blind folded in a dark room trying to kill your target and hoping for the best result.
Well, risk vs reward is directly correlated in the market. Everything is priced accordingly. There is no better or worse tactical philosophical strategy on how to approach it. If someone has a great grasp at reading the daily SPX market ...they should trade options on that movement to have huge daily gains. Most souls however should just buy and hold it for the long term, invest safely conservatively slowly
Yes I think it makes sense for those without experience or a desire to get burnt by experience to just buy, hold and shut your eyes while averaging into over a long period of time SPY, QQQ, DIA. The problem is with humans, we get greedy and want more so then we begin to take risks by falling into the hype and temptation of buying the latest hottest market darlings. All well and good but if one has no experience into the wiles of market treachory, the pain begins. Big pain.
We humans certainly want to experience the big sexy life now now. That primalness, adventure, spirit and treasure loot of successfully solving, understanding, defeating the market. That's what drives, baits, every new prospective trader into trying their hand hands and minds of magic ✨ ...and some will reach it, while others most get raped murdered and pillaged along the journey
Humans like money. They lusts for money. They kill for money The idea of being able to magically make it out of thin air is incredibly sexy and mysterious for a lot of people to dismiss, ignore and resist. Quick money, fast money. A trader can become a millionaire in a year. It's certainly possible and somewhat easier...than casino gambling and sports betting
I didn't mention anything about trading necessarily requiring Faith and God. I mean it's good to have faith in yourself and the process and your mind and your experience and wisdom to guide you But there's nothing divine or spiritual with trading the market. That would borderline be like relying on good luck amulets and items to help you succeed...which is rather primitive and stupid and small minded And the Lord helps those who help themselves... not beg for gifts and riches rather lazily and instantly expecting
I just thought trading would be easy money, wasn't in it for any adventure or understanding. I mean I thought how hard could it be? you just have to buy near the lows and sell after you have made a bit of profit right? But then the addictiveness keeps you stuck in the game even after you realise how extremely hard it is...
Trading has a rather tremendous amount of psychology, wisdom and maturity involved. In addition to the basics and your own original perspective angle People think you can just transform a store worker, waiter, student, delivery man, car salesman, dentist, accountant...to become this glorious successful money trader. It doesn't quite come to that. If everyone is doing the exact same thing... trading off ranges and levels and signs... everyone would be millionaires. This is clearly not the case. Stupid theory books and courses. Real world is slightly different