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.