Trading is a Long Term Business

Nah keep it short term, your life span is limited if you trade long term it will take too long to learn then too long to actually make any reasonible money, unless your pretty rich to start off with, then when trade at all I say.

Knock out 10-20trades per day of M1/M5, your going to learn a lot quicker than 1 - 2 trades per month.

Haven't got to quote watch all day, set an alarm or 2 on your phone, do stuff, phone bleeps, spot a trade, trade it, win or lose right off your phone / tablet, 1 - 3 hours per day is more than enough to make good $$'s

You long termers are going to spend 1 - 3 hours per day drawing stupid lines onto charts and guessing anyway, might aswell spend it live trading and actually taking money out IMHO!!
 
MarketOwl said:
Yes, markets change along with the business cycles and investor sentiment, but they also repeat. There are many repetitive patterns in trading, both intraday and over longer term periods. For example, what we are seeing now reminds me a bit of 2007, a bit of 2011. After a huge bull run, when the market tops out, you get these kind of volatile up and down patterns that we are seeing now. It is extremely bearish over the next year...
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Couldn't agree more. This year is incredibly similar to 2007, overlaid the 2 years and it was clear. I'm also very much looking forward to next year, the volatility will make things interesting.
There are other signs out there, people around me always mentioning they're getting into trading/investing, people who'd do better just giving the money to a mutual fund.
 
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