The learning curve of #trading:
Trading is a lifelong journey & at first glance, it may seem complex but breaking it down into manageable pieces is key. It's important not to rush the process, as I've personally experienced many failures when I attempted to do so. I’ve made every mistake you can make...been there, done that!
However, since then, I've assisted numerous traders in actually learning & achieving consistent profitability. It's crucial to maintain humility in this endeavor, as the market has a way of humbling those who aren't.
When you initially dive into trading, it's normal to feel overwhelmed & struggle to grasp the concepts of the market & its price action. I often compare the world of trading to an online game or a real-life sport. Both come with their own rules, dedicated communities, jargon & abbreviations.
Starting a new game or sport leaves you clueless about what to do. You begin at the beginning & gradually progress, surrounded by people who likely know more than you. You have to immerse yourself in this culture & over time, you'll become familiar with the subject matter.
It's crucial to simplify trading as much as possible. Many tend to overcomplicate it & create unnecessary complexity. In reality, trading should be straightforward & easily understandable.
Here are some threads to give you a small glimpse @ trading:
Profit taking https://t.co/MmQyImYD87
Stop-loss https://t.co/pdHp5yABZH
Risk management https://t.co/lNyHIRfQYO
When to trade https://t.co/cUhpmxfOn0
Improving by managing your trades https://t.co/3iEP4Vtrc2
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Historical market behavior (MS) influences current market behavior (PA). The market is made up by all of us, and we're all looking at the same charts, important lvls will be seen by everyone, many ppl will buy/sell those lvls simply in anticipation of others doing the same.
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