Why complicate things?

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.
 
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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.
 
You sure about that?


*Large toothy grin*
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.
 
Why the obsession with the short term?


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.
 
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.

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
 
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