(yes, there are many, but it also depends on how are you defining rich. If you think of billionaires then it might be different.) I also say you need to adapt as you grow. So scalability is a topic for everyone who wants to grow a lot. That is why I am with currency trading. There is the most volume worldwide with distance. I also have different strategies from daytrading to longer term swing trading even to position trading. So when I have grown out of daytading once I can concentrate more on larger scale strategies.
100 Reasons Why Your Strategy Sucks
- Thread starter TazTheLaz
- Start date
No I'm thinking of traders who live off their trading and have done so for the last few years.
It's what I manage to do, sort of. I have a small pension as has every Canadian but I fund my lifestyle with my trading. Swing/position trader of stocks (long for the most part).
I have never had much luck with day trading and feel it takes up too much time and effort during the day. Too much stress. I'd rather be doing something useless like chasing a golf ball.
yes, shorter timeframes are more difficult to master than longer ones. You only need to be persistent and focus more on research here. There is of course plenty of work to be done. But if you have the time, that can be a goal.
Same with me. I tried day trading and was not good at it. However, swing trading and trend following is more to my liking. I also, trade my own monies and spend what I earn from trading and fine with it. I probably, would have more compounding it instead, of spending it but, life is about choices.
I was until criminals stole it all.
How long will it take you to make it back?
Warren Buffett, Ray Dalio, George Soros are billionaires; obviously, they must have done it correctly
so what are you? bottom picker? dotcom bubble, subprime, and the covid correction were the great times for you to make money. probably, you ain't got balls to get your skin in the game
so what are you? bottom picker? dotcom bubble, subprime, and the covid correction were the great times for you to make money. probably, you ain't got balls to get your skin in the game
I turned 50k into 2 trillion in under 30 days. I've done similar repeatedly. I'm presently trying to make the US army subordinate, the global financial industry, along with the illuminati and several "black gods."
Do not trust anyone in the financial industry. There is something very wrong. Healthcare industry too.
Very nearly all billionaires murdered the guy that did it correctly. If you want to keep it you have to be a soldier. If you try to be a soldier you lose and they keep you. That is their game. If you think you know how to win, let me know.
Was the only worth reading sentence.
the simplest technical analysis strategy, a plain limit stop loss strategy, randomly put around 15 percent over-performed consistently buy and hold in a 11 year well known study based on the Stockholm stock market. Scientifically factual proven.
(a SL strategy is by definition technical, so please do not argue that fundamentalist also use stop and loss strategy)