Trading Is Very Difficult: Most Need To Look Longer Term

avatar
(Edited)

▶️ Watch on 3Speak


Make no mistake: trading is very simple yet one of the most difficult things one can do. In other words, it is not easy.

Many try there hand at trading only to fail. I would say the overwhelming majority end up losing money, contrary to what those promoting trading systems say. Honestly, only a select few can trade with success long term. It is a rather elite class.

In this video I discuss what others should do who are not killer traders. This is where a longer term perspective comes in.


▶️ 3Speak



0
0
0.000
13 comments
avatar

pixresteemer_incognito_angel_mini.png
Bang, I did it again... I just rehived your post!
Week 39 of my contest just started...you can now check the winners of the previous week!
!BEER
3

0
0
0.000
avatar

@taskmaster4450le, Most importantly one should prepare themselves mentally and emotionally because trading is the world of "Lows" and "Highs". Stay blessed.

0
0
0.000
avatar

It is the truth. Personally, if I feel things are going bad but don't want to cut everything, I cut half. At least if it goes up, I took half of it up and if it goes down, at least I cut my losses in half. Everyone has their own strategies, but the general trend of the US stock market is up so they might just have to hold (unless theres really bad news that makes you question their management).

0
0
0.000
avatar

This is especially true at these levels. It is extended big time. That doesnt mean it cant extend more but it is going to be tough to just see it keep going.

But then I could be wrong which is why it is vital to have some skin still in the game.

Posted Using LeoFinance Beta

0
0
0.000
avatar

It's pretty straight forward in my opinion: buy the bitcoin and ethereum dips. I mean the big dips when everybody is scared and running away.

Posted Using LeoFinance Beta

0
0
0.000
avatar

I really found myself in this video. I was today analyzing how much money has slipped through my fingers the past two years in crypto purely on jumping from one to another like a monkey. Bad strategy. In regards to crypto I guess I've developed my best strategy which is buying in a few months before the halving and cashing out about a year after the halving, depending on the sentiment of the market.

Posted Using LeoFinance Beta

0
0
0.000
avatar

We all fall victim to that.

Sound money management is always important no matter what the asset class.

By the way, did you know we are now having a chat type post put up each day?

Here is the link for today's:

https://leofinance.io/@leomarkettalk/leo-talk-1-12-2021-come-join-our-chat

Posted Using LeoFinance Beta

0
0
0.000
avatar

I didn't knew about that. Some internet problems today kept me away from leo almost all of the day.

Posted Using LeoFinance Beta

0
0
0.000
avatar

Another thing worth mentioning is that trading doesn't produce much to the world. It can give signals on how a project is doing etc. But most of it is simply an act of moving funds from one place to another. I enjoy my trading activities and it has helped me grow my financial wealth.

You can contrast that with posting on HIVE which produce real value in terms of blogging or vlogging content. Offering a service and earning for it produce value. Creating art or growing food has value. We should not overhype trading.

Posted Using LeoFinance Beta

0
0
0.000
avatar

That is all true although I guess a case could be made that you are producing depending upon what you do with your trading profits.

If you invest them in other crypto projects, then it would only make sense that you are producing more for the world.

But I do agree, each post and comment we provide adds value, however small it might be.

Posted Using LeoFinance Beta

0
0
0.000
avatar

If you invest them in other crypto projects, then it would only make sense that you are producing more for the world.

That is true. There are many ways you can be productive in extrinsic ways when it comes to trading profits. What I meant was that the act of trading itself wasn't intrinsically producing anything.

Posted Using LeoFinance Beta

0
0
0.000
avatar

Summary:
In this video, the speaker emphasizes the importance of a long-term investment approach over constantly buying and selling assets in an attempt to time the market. He discusses the risks involved in trying to predict market movements, highlighting the challenges individuals face in managing their emotions in the face of volatility. The speaker advocates for a strategy of holding quality assets, monitoring market trends, being aware of industry disruptions, and exercising caution when uncertainties arise.

Detailed Article:
The speaker opens the video by addressing the concept of buy and hold as opposed to constantly trading assets. He cautions against blindly holding onto investments without considering changing market dynamics, especially in the age of rapid technological advancements that can disrupt industries. The speaker points out that the wealthiest individuals typically hold onto their shares long-term rather than engaging in frequent buying and selling activities.

He discusses the psychological challenges faced by traders, highlighting the difficulty in managing emotions during market fluctuations. He stresses that successful trading requires a high level of self-mastery and psychological resilience, which is rare among individuals. The speaker advocates for adopting a long-term investment mindset, focusing on riding market trends rather than trying to time the market for short-term gains.

The speaker provides guidelines for individuals looking to navigate the market successfully. He suggests monitoring overall market trends and sector-specific developments to make informed investment decisions. He emphasizes the importance of staying informed about industry disruptions, similar to how Amazon disrupted traditional retailers, and advises investors to assess the financial health and performance of the companies they are invested in.

Furthermore, the speaker advises investors to act decisively when uncertainties arise. He recommends selling assets if uncertainties persist and re-entering the market once comfortable with the situation. The speaker also touches on the concept of sector rotation, where assets may experience temporary setbacks due to market trends but can still be viable long-term investments.

In conclusion, the speaker acknowledges the challenges of active trading and praises those who can successfully navigate the volatile market environment consistently. He encourages viewers to adopt a long-term perspective, exercise caution in the face of uncertainties, and avoid succumbing to emotions like fear and greed. The video serves as a practical guide for individuals looking to build wealth through a disciplined and informed investment strategy.

0
0
0.000