managing money is a great skill that can be acquired by passing a long time with great patience.
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Time is not a foremost factor , the main issue what method do you using right now, if you can choose the right way with great discipline, within very short time , there is a chance to acquire any trading approach.
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Additional Username
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Joined Apr 2018
|393 Posts
You missed my point , I emphasized mostly discipline than times. If you can make sure real trading discipline when trading of course within minimum time you can get better result than before.
You missed my point , I emphasized mostly discipline than times. If you can make sure real trading discipline when trading of course within minimum time you can get better result than before.
{quote} I am not against on the short-term trading, but I can’t ignore your opinion; especially your last line; really there is nothing like 100% proven trading system here.
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I am also not against short term trading. But for newbie it can be dangerous. As newbie it is very difficult to control emotions as in lower time frame markets move a lot. This movement entice new traders to open more and more trades. Once your trading psychology is developed, you can do any type of trading.
i think overconfident is the real part of real emotions , nothing without it. real man always depends on his confident, nothing without.
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overconfident is just a part of immature trading attitude, nothing without it. so, leave it when trading. be confident on your knowledge and experience.
{quote} I am also not against short term trading. But for newbie it can be dangerous. As newbie it is very difficult to control emotions as in lower time frame markets move a lot. This movement entice new traders to open more and more trades. Once your trading psychology is developed, you can do any type of trading.
{quote} So you prefer long-term trading for the newbie’s?
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Depends on how much risk you can endure. If are able to risk a lot of money then all types of trading will pay off, if you do not have access to a lot of money and are scared in loosing it then long-term trading might be your best bet!
3.- you dont need to trade daily charts and above because its more "reliable" thats a long term myth in trading; its more "relaxed" yes but only because you check the chart once in a while (when a candle close) and the trades NEEDS time to develop.. thats why it "looks/feels" like that and nothing else
4.- "traders" lose because they dont know how to trade plain and simple
{quote} Depends on how much risk you can endure. If are able to risk a lot of money then all types of trading will pay off, if you do not have access to a lot of money and are scared in loosing it then long-term trading might be your best bet!
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How much risk newcomers can endure, it’s an open secret. Beginners level don’t know how to manage risk when trading , for that reason that have to use small leverage ratio with short term trading techniques.
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Joined Apr 2018
|459 Posts
using small leverage also can brig good result if you have real trading plan , so make sure good trading plan , and earn money by using small leverage ratio.
{quote} Depends on how much risk you can endure. If are able to risk a lot of money then all types of trading will pay off, if you do not have access to a lot of money and are scared in loosing it then long-term trading might be your best bet!
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Got it now; thanks for your answer; in my trading I also use long-term as well as short-term trading styles.
{quote} So you prefer long-term trading for the newbie’s?
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Yes I prefer long term trading for newbie because of the psychological aspect of trading. It means that newbie can't do short term trading. Psychologically every person is different. If anyone can develop his psychology, he can do short term trading.
{quote} Yes I prefer long term trading for newbie because of the psychological aspect of trading. It means that newbie can't do short term trading. Psychologically every person is different. If anyone can develop his psychology, he can do short term trading.
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Yes, I think so! Short term trading is more challenging than the long term. Thank you for reply.
