agree totally.......always trade small, drops add up....observe the markets for years without losing your shirt
That's great to hear, but you did kinda say that you'd become the best in the world. Glad you're happy killing your boredom by making so much money, must be a tough life over there in India?
I love the thought and implementation of giving up - it's a great building block for coming back stronger, which will happen, as noted in a prior post....a real realization that this is not a piss easy game. I've forgone a 8% profit this month by missing two trades by less than 5pips in FX - I place two trades a week, so this is rare (which equates to less than 2% of the targeted TP) - what's the lesson here? Accept it and move on - as the number of trades moves to infinity you will experience all sorts of 'close' losses and gains (whilst also fractionally missing them). You can't fine tune the finest details when taking a large sample size into account. The sweet spot will be within a given range....within this range you'll still experience a kick in the balls once or twice. I don't like it, I just accept it and apply plenty of ice cream - unless that's not your thing of course, I was told ice will do too apparently whilst being escorted out of the supermarket ...
I hate to say but I agree with you. But this is a trading forum. There are ways amateur retail traders can make money and that is why some of us are here.
Someone who expresses this much discretion and forethought and lack-of-hubris, has (IMHO) a fine future ahead of them in trading/investing. We have so many arm-chair generals throughout our civilian military command, but it seems the ones who are least eager to go to war -- to put fighting forces in Harm's way -- are those who have been to battle -- and been under fire -- themselves. In trading? Everyone is a genius in a bull market. Same thing. Hard-won wisdom. And we have a phrase to cover all of that. "Risk control." (Or "position management, money management, etc etc). It all goes to show that market reversals are covered. PennySnatch -- if you have that piece of wisdom called Risk Control, you have paid the tuition already. Take some time. Dump some methods. Plant new ones. Learn to code. Go from equities to indexes or sectoral ETFs. Go long options from short. Become a trend trader -- where brackets are *so* easy. [!!!] Whatever. What are the best tools for 1-hour, once-a-day trading?? If you "didn't get what [you] wanted out of this trading thing," then Screw it! Take some time off, let the dust settle, and sift through for jewels that are [no doubt] there. No rush.
permanent maybe not.... but yields have to equalize between stocks and bonds, and that means either bonds need to cut in half, or stocks need to double.... or somewhere in between.