The easy come, easy go of 2020
- Thread starter Pekelo
- Start date
Avoid lottery mentality.
No. Know when to quit.
Well...guess he learned a good lesson in risk management. He was literally up 5000% in under a month. At that point, re-evaluate the strategy.
I'm kinda surprised that the government imposes the PDT rule for accounts under $25k, but then they allow people with small accounts to invest the entire account into options that have a very high probability of expiring worthless. As an option seller...guess I should not complain.
lol WSB (apologies for the mildly offensive quotes):
"You're like an autistic Icarus.
Autisticarus."
"There and back again: A Retards Journey"
"You're like an autistic Icarus.
Autisticarus."
"There and back again: A Retards Journey"
In this year and pretty much all the other years it has always been ways to lose and gain money n forex. Still we have to say that it is easier to lose that it is to gain. There have been some ideas of how people can try to make it easier to win than lose and one of them ideas was reverse trading. Most people noticed they lose more than they win and so if they make a prediction and do the opposite then they will win more than they lose. This is reverse trading and it actually works for some people. You just need to be sure that you are not lying to yourself and that you are actually doing the opposite of what you should do. It is not easy for most people as noticed.
I think that forex trading is more about losing than it is about making profits. The earlier you accept the fact, the better your trading journey becomes. You must not expect to make profits all the time, otherwise, you will be disheartened every time you lose.