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Congrats for last year. On my end, I closed the year with a negative performance.
Many expect to milk the market every single day, week, or month.
Unless you have some kind of edge that gives you an unfair advantage (most people don't), this is hardly possible.
Many expect to milk the market every single day, week, or month.
Unless you have some kind of edge that gives you an unfair advantage (most people don't), this is hardly possible.
The market is a dynamic process ―what has consistently worked yesterday may not work today.
Hence, consistent profitability is a balancing act.
1. It's about understanding the inevitability of drawdowns. Whether you want it or not, they WILL happen.
Hence, consistent profitability is a balancing act.
1. It's about understanding the inevitability of drawdowns. Whether you want it or not, they WILL happen.
2. It's managing your risk and mindset at all times. Think about playing the game long term.
3. It's recognizing the market phase(s) you tend to thrive in. You want to push the gas pedal when it's easy for you to make money and release it when it's hard for you to make money.
3. It's recognizing the market phase(s) you tend to thrive in. You want to push the gas pedal when it's easy for you to make money and release it when it's hard for you to make money.
