I love trading. Been doing it for a decade+ as a serious thing for me.
I don’t have a hundred monitors and most the time I can do what I do via my phone or iPad, so I don’t even have to be at my trade station.
But when I am, I find emotions are much less in play. So I prefer to be at my computer as it’s a layer of protection through discipline.
Anyone can learn to trade and there are a thousand different ways to do it.
There are fewer vehicles (skills one can learn) that grant the most optionality with least risk based upon effort.
Don’t get me wrong, it takes effort and I’ve certainly lost my fair share of capital along the way. But once you dial in your emotions and trade in a mechanical disciplined manner, it’s simple to become successful.
In short, you just can’t be greedy and you gotta stack base hits.
That’s why most people who trade fail.
They want the glory of home run after home run followed by a grand slam (for those paying attention and know Baseball, that’s not probable let alone possible becasue if you hit a home run there is no one left on base to fulfill the requirements of a grand slam!)
Another thing that helped me is I’ve learned to focus on one or two assets to trade if I’m scalping. This keeps me focused and I really learn the nuances of the underlying.
For me, that’s Gold. It’s reliable in its moves and there is tons (pun intended) of liquidity across markets (ETFs, futures, forex, even your pawn shop deals in gold).
Likewise, there are some assets I don’t trade…I accumulate (ie BTC). Or if I do trade something I’m stacking, it’s part of a pair rotation or portfolio rebalance.
My general approach to business, and yes to me trading is a business, is: trade for cash flow then parlay a percent of profits into growing the asset you traded and a percent into my macro beliefs—what I’m stacking (want to accumulate more of).
P.S. nostr:npub1q46m7q7zv8qe2zqffhhjnj558fdtzjxy7akr0x9ytwa3zc4zhpus0m8rmu I just upgraded my trade station yesterday.
#trading
#tradestr
#Bitcoin
#investing
#investstr
#business
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