Been trading for over a decade, here are 5 things I wish I knew sooner:
Think opposite of the crowd. If 80% of people are hyped, I’m cautious. If everyone’s panicking, I’m interested.
No hesitation. Make a plan, stick to it. Hesitation = buying the top.
Patience pays. Sometimes sitting on cash is the best move. The right entry might take months, but it’s worth it.
Don’t go all in. Heavy positions cloud your judgment. Start small, add if it works, cut if it doesn’t.
Ride the trend. Fighting the market is how you lose. The biggest gains come from just going with the flow.
Big takeaway:
Patience = profits
Follow the trend, skip the noise
Not financial advice, just my own experience.
👉 What’s the hardest lesson you’ve learned trading?
10+ Years Trading – 5 Lessons That Changed Everything
byu/Terrible-Database433 ininvesting
Posted by Terrible-Database433
5 Comments
Biggest thing I’ve learned is that working on your mental game is way more profitable than learning all the indicators and getting all the tips and knowing all the strategies.
If you can’t get comfortable with holding winners and you can’t resist FOMO and you succumb to things like sunk cost fallacy and start going on tilt/ revenge trading, nothing can save you.
Everyone hyped into OPEN and it indeed made people a lot of money already…
Only invest money that you will never ever need. The only feeling worse than losing money is taking money off the table when you’re in the red because of an emergency or unforeseen expense.
A good test : take a walk down a busy street. While you’re walking, take out a $20 bill, crumble it up, and throw it on the ground. Keep walking. After that, keep walking. Go home. If you have a single thought about what happened to that $20 bill, or what you could’ve used it for,then you’re not ready to invest yet.
Nothing has ever thought me more than making money being greedy and loosing it
Ok here is a big secret. Trade gold at 7am UK time. Don’t enter wait for 8am seriously if no upvotes…..I am speechless