so you took 10 to 37 dollars, and want advice on whether or not to cash out ? and then before anyone could answer you then took 37 to 42 dollars? cash out and go buy a nice steak
. No it's not beginners luck. From the sound of it you're on an excellent path. You can destroy it though, be aware of that. Compounding is an excellent way to riches. Keep your discipline and maintain your edge and you'll be in good shape
You can ONLY consistently make money with long term trading and only in certain YEARS. i.e. buying during recessions. You were suckered into daytrading. Daytrading is only recommended by greedy brokers so you generate boatloads of commissions. There has never EVER been a documented case of a profitable daytrader. Keep your hard earned money and stop listening to liar brokers (and their shills).
I have been there! in the past I have paid at a certain moment $150,000 commission in a quarter of a year. But you can't trade without a broker! Nowaday's I do my trades with CFD. The problem there is that you have a large spread.
You don't have to trade. In fact you shouldn't trade, unless you want to lose money. You should invest.
My account has yet increased to â¬80,000. A while ago I had to make a decision: Trading and making money is boring Gamble and losing money is excitement In the past my goal was obviously exitement, now I have choosed for the boring game and so I have to make money