You don't need to trade everyday to make money
- One of my biggest learning as a new trader was that you don't have to trade everyday to make money.
- The Wall Street casino is open everyday, but you should bet only when odds are overwhelmingly in your favor.
- Scans, tickers, CNBC, and software's can often lure in to trading.
- They are like the flashy lights, sound effects, the free drinks and the girls that entice the gamblers in casinos.
- If you are swing trader. this is especially critical.
- If you time your swing trading with MM secondary indicators, you would get better results
- Just because a stock comes in a scan, you should not buy it.
- Plus I do not believe in this entire concept of spraying your bullets all over the place with small small positions.
- Wait for good set up to show up and then bet big enough so that it makes a meaningful difference to your account.
- The waiting for right trade to show up is the most difficult part of the trade.
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