Timing in the market is crucial. Below is the quote I like:
''No matter what you do, there is an appropriate time. No matter how much you crave it, the cherry blossoms will never bloom until spring arrives. No matter how anxious you are, when the time is not ripe, you will not succeed in doing things.''
The market has been diving the past couple of days, and some of my previous positions (ORCL, NKE ) have TPed. There is no reason to look for a bullish trade when the market is showing weakness. I only consider testing the water when S&P 500 closes above 20EMA daily. S&P 500 has been bullish for years so no surprise if it can go back to all-time high again. I am neither bullish nor bearish, no one knows.
The discipline of a trader is to follow the indicator that suits their need and take the trade whenever the timing appears. Overtrade is one of the DEATHLIEST mistakes for everyone, not just beginners only.
I still remember the painful sensation when I first startup and get burned heavily due to the result of overtrading. When the market is bullish, everyone can make money. So what separates lucky and professional?
I am the type that keeps everything simple and easy. Like it or not, trading is not a field for hardworking traders. Hardworking is not directly proportional to success in terms of trading, so keeping it simple and focusing on better timing is crucial.
With that being said, it is always a discount for value investors. Using the dollar-cost averaging method to enjoy the fruit in the coming years and ignore the short-term noise is one of the best strategies to have peace of mind. (Close your eye and buy AMZN)
If you trade long enough, you will understand that peace of mind is a valuable asset.
''No matter what you do, there is an appropriate time. No matter how much you crave it, the cherry blossoms will never bloom until spring arrives. No matter how anxious you are, when the time is not ripe, you will not succeed in doing things.''
The market has been diving the past couple of days, and some of my previous positions (ORCL, NKE ) have TPed. There is no reason to look for a bullish trade when the market is showing weakness. I only consider testing the water when S&P 500 closes above 20EMA daily. S&P 500 has been bullish for years so no surprise if it can go back to all-time high again. I am neither bullish nor bearish, no one knows.
The discipline of a trader is to follow the indicator that suits their need and take the trade whenever the timing appears. Overtrade is one of the DEATHLIEST mistakes for everyone, not just beginners only.
I still remember the painful sensation when I first startup and get burned heavily due to the result of overtrading. When the market is bullish, everyone can make money. So what separates lucky and professional?
I am the type that keeps everything simple and easy. Like it or not, trading is not a field for hardworking traders. Hardworking is not directly proportional to success in terms of trading, so keeping it simple and focusing on better timing is crucial.
With that being said, it is always a discount for value investors. Using the dollar-cost averaging method to enjoy the fruit in the coming years and ignore the short-term noise is one of the best strategies to have peace of mind. (Close your eye and buy AMZN)
If you trade long enough, you will understand that peace of mind is a valuable asset.