What’s the point of portfolio diversification?

%%
THAT's good;
even though Andrew Carnegie did fine ignoring that some what+ cashing out in US dollars. Made a fortune in;
farm, oil, steel+ gave away a fortune, libraries, Carnegie Hall ,college gifts ......
Giving is one of the best forms or diversification................

 

I feel including a mix of major and minor currency pairs, and different trading strategies, traders can ensure their portfolios remain diversified, which is a significant step towards success in the forex market and it's important as it enhances your knowledge and skills. In forex, no currency is immune from being affected by economic or political factors, but diversification can help mitigate those risks.

 

Guaranteed mediocre results

 

You earn tons of money from a few quality stocks.
You earn some money from a few diversified stocks.
You lose tons of money from many many diversified stocks.


End result: meager profit or worse loss.

 

Unless you are Peter Lynch

 

Good Morning zdreg,

I agree with your comments.

Diversified portfolio is just flat marketing and a way to never be rich until 80 years old.
It is a waste of time.

Back testing is becoming a waste of time too I am realizing.

 

Exactly, I take my chances right clicking all day long.

 

Wrong...Learn the power of compounding..

For 99% of the Elite Traders on this site,they would be far better off getting a job they like and socking away 50-100k in the market every year...

 

Hello taowave,

Yes, of course. Dollar Cost Average in the SP 500 index in our company 401K at government max limits is no brainer until account balance shows +$1million and retire from work. Everyone should be doing this day trader or not.

Meanwhile, get rich from futures market. And we have to hurry up too.

 

Whats the rush

And how do you day trade and work a job at the same time?