1. Whichever trading fits personality types. Some like day trading; others like swing trading and others like investing. Whatever works for you. 2. I don't trade to beat other traders; I just trade to make money.
Hello easymon1: After the fall of covid you can see the extraordinary performance. After the fall due to the war in Ukraine, excellent opportunities have been generated. But in an environment of rising rates you have to be selective.
Nah, same with sports. It's when I finally recognized that sports were about challenging myself and not trying to beat others that I started enjoying the effort. I'm fundamentally uncompetitive and it's one of my better character trait.
Hi Maxinger. Oil has really generated better movements for daily trading. However in the last two weeks some days have been bullish and some bearish. So it's like flipping a coin.
I love trading because there are so many choices available. Some people like to get in and out within a few minutes or even split seconds. It is all about hit it and quit it for them. This way, they know right then and there if they made a profit or not. It's instant gratification. Or disappointment. Some people buy in the morning and sell in the afternoon. Others buy one day and sell the next. Some of us hold on to a dud, hoping it will recover. Eventually. Some people sit and watch the tickers, others use a stop loss, set it and forget it. We have cash trading, Forex, futures, margins, options, and almost 10,000 different stocks to choose from. The tools we use are charts, candles, scans, screeners, indicators, calculators, simulators, patterns, bots, apps, and add-ons. Then there are the various times that we can trade - regular hours, pre-market, post-market, GMT, London, New York, Sydney, and Tokyo time for trading Forex 24-hours-a-day. The industry has its own vocabulary of silly words like ticks, pips, gaps, pops, ninjas, tigers, and bears. So, once you make your decision on what time, method, tools, and strategies you plan to use, it's not that complicated at all.
right. past 2 weeks, crude oil was moving in a big range. it could go up and down a few times a day. it is not flipping a coin actually. unfortunately, there were quite a few days where the movement was rather choppy/messy/untrendy. so that made day trading rather difficult. When Nymex, Shanghai INE, ICE crude oil futures move in tandem, the crude oil market tends to be trendy (ie not choppy). nonchoppy/trendy market - very easy to trade choppy market - guaranteed 1000% sure lose money