Traders here are a few thoughts for you to consider.
1- I can't tell you how often I hear I'm not successful at trading because I don't have enough money to trade. The honest truth is when your trading 7 figures per trade instead of loosing 10-20k on a trade several millions can be lost in a day. Believe me I know what that feels like. True trading principles are the same no matter the size of the trade. Start with what you have where you are at. No one is coming to save you it's on you to grow your account. Get better each trade and each day. I hope to be an example to others that its possible. I didn't make money for many years learning the craft. But its possible for you to have generational wealth learning to invest in yourself and managing your own money. You can grow a fund and start small and it can be worth millions.
2-Hodl started as a joke several years ago when Bitcoin tanked but is a correct principle. Hodl is a strategy that actually works over time. You must be convinced that the trade you are making will be worth it in the long haul in order to have the patience necessary to let the trade play out. True wealth isn't made in weeks or months its years of buying in the right season. I'm here to tell you the long game works and works very well. Do you think the buyers and hodlers of early Amazon or Apple made more money than the people that were simply trading in and out of positions? 99% of the Hodlers made far more money than the traders. Good wealth takes 1-5 years to fully marinate on some of these good trades. Take for instance this chart of Tesla. When was the time to buy and Hodl Tesla? Who ends up holding the bag on Tesla way up here now? I have a trading account and love to trade but the biggest accounts I have are hold accounts and that is how most wealth is made. Anything worthwhile is uphill and this chart is an example of a hill thats worth it in the end.
3-See the markets in a way that matches your mind and personality. We all have many different techniques and styles. Having a few weapons is even better than one. There are so many instruments to use when trading. Candlestick patterns, Fib, Elliot waves, Harmonics and many others. Whatever method you choose to be skilled at use it consistently to evaluate positions. For example you would never sell your own car using NADA and then buy a new car using Kelly Blue Book. Chart the market consistently and routinely in a way that works for you. Seeing and evaluating entry points and exits this way will give you the best chance for success.
4-It's always your fault when you make a bad trade. The countless comments I hear about manipulation or FUD is such a joke and is only a way of pointing blame for a bad position you chose to make. Take accountability when you are on the wrong side and own it. No one on the right side of the trade ever complained about FUD or Manipulation. No one is out to get you its on you and you are responsible. The giant poker game of trading is just a game where one side wins and one side loses. That's all it is.
5-Many traders make far too many trades. The Market never forces you to anti up you get to see the cards dealt and always decide if you want in. Waiting for the right pitch takes self discipline and patience. Right now we are in a bull market so its much easier to trade its very forgiving. This won't always be the case and these markets can sometimes lead to bad habits. Ask yourself why are you in this trade and where is your target point. Have a plan and stick to the plan.
Just wanted to help send some thoughts your way from some questions I have been getting in private chats. More charts coming soon. Have a great day!
-The SHARK
1- I can't tell you how often I hear I'm not successful at trading because I don't have enough money to trade. The honest truth is when your trading 7 figures per trade instead of loosing 10-20k on a trade several millions can be lost in a day. Believe me I know what that feels like. True trading principles are the same no matter the size of the trade. Start with what you have where you are at. No one is coming to save you it's on you to grow your account. Get better each trade and each day. I hope to be an example to others that its possible. I didn't make money for many years learning the craft. But its possible for you to have generational wealth learning to invest in yourself and managing your own money. You can grow a fund and start small and it can be worth millions.
2-Hodl started as a joke several years ago when Bitcoin tanked but is a correct principle. Hodl is a strategy that actually works over time. You must be convinced that the trade you are making will be worth it in the long haul in order to have the patience necessary to let the trade play out. True wealth isn't made in weeks or months its years of buying in the right season. I'm here to tell you the long game works and works very well. Do you think the buyers and hodlers of early Amazon or Apple made more money than the people that were simply trading in and out of positions? 99% of the Hodlers made far more money than the traders. Good wealth takes 1-5 years to fully marinate on some of these good trades. Take for instance this chart of Tesla. When was the time to buy and Hodl Tesla? Who ends up holding the bag on Tesla way up here now? I have a trading account and love to trade but the biggest accounts I have are hold accounts and that is how most wealth is made. Anything worthwhile is uphill and this chart is an example of a hill thats worth it in the end.
3-See the markets in a way that matches your mind and personality. We all have many different techniques and styles. Having a few weapons is even better than one. There are so many instruments to use when trading. Candlestick patterns, Fib, Elliot waves, Harmonics and many others. Whatever method you choose to be skilled at use it consistently to evaluate positions. For example you would never sell your own car using NADA and then buy a new car using Kelly Blue Book. Chart the market consistently and routinely in a way that works for you. Seeing and evaluating entry points and exits this way will give you the best chance for success.
4-It's always your fault when you make a bad trade. The countless comments I hear about manipulation or FUD is such a joke and is only a way of pointing blame for a bad position you chose to make. Take accountability when you are on the wrong side and own it. No one on the right side of the trade ever complained about FUD or Manipulation. No one is out to get you its on you and you are responsible. The giant poker game of trading is just a game where one side wins and one side loses. That's all it is.
5-Many traders make far too many trades. The Market never forces you to anti up you get to see the cards dealt and always decide if you want in. Waiting for the right pitch takes self discipline and patience. Right now we are in a bull market so its much easier to trade its very forgiving. This won't always be the case and these markets can sometimes lead to bad habits. Ask yourself why are you in this trade and where is your target point. Have a plan and stick to the plan.
Just wanted to help send some thoughts your way from some questions I have been getting in private chats. More charts coming soon. Have a great day!
-The SHARK