Somethings happening HERE!
- Thread starter MarkBrown
- Start date
Those lyrics have been part of my daily mantra for a longtime.
As I've said before, I'm a newbie trader, having started in March 2020 and over that time trying to figure out what feels best for me. Turns out swing trading, like for most traders, is my preference over day trading (exhausting) or long trading (what else am I going to do with the rest of my day!).
My most common mistake is to buy too quickly on a drop and see the drop continue, leaving me hanging for days/weeks longer than anticipated. I usually recover and make a bit of money in the process, but money held up is money not working on other opportunities. And the longer I hold, the quicker I end up selling once the price recovers to my buy price, like a psychological escape from another drop when in fact, the price usually keeps rising and I miss out on the gravy.
I'm learning to step away from the 1 mn ticker to the 5 or 15 minutes to gain perspective to buy lower and sell higher than I now do.
My most common mistake is to buy too quickly on a drop and see the drop continue, leaving me hanging for days/weeks longer than anticipated. I usually recover and make a bit of money in the process, but money held up is money not working on other opportunities. And the longer I hold, the quicker I end up selling once the price recovers to my buy price, like a psychological escape from another drop when in fact, the price usually keeps rising and I miss out on the gravy.
I'm learning to step away from the 1 mn ticker to the 5 or 15 minutes to gain perspective to buy lower and sell higher than I now do.
Why this thread exists. I see 21,600 minutes sticks.
Don't get me wrong, I really enjoy trading and like to time my swing trades in days rather than weeks. While 2020 was unique, I'm up 80% from my original investment. Now I look back to figure out what worked and what didn't, what was fun and what wasn't. I've also lowered my 2021 expectations to 30%
When in doubt buy lower and seller higher. You get more women that way.
You know it's a slow day when Bloomberg IBKR TV doesn't show anything but antique coins. Where every (without fail?!) coin is said, "really, this old coin should not exist in this condition" >>> implying in this good condition 
But USD is going down.
But USD is going down.