The Importance of Patience in Trading: Lessons from a Successful Trader
It is no trick at all to be right on the market
You always find lots of early bulls in bull markets and early bears in bear markets. And their experience invariably matched mine that is, they made no real money out of it.
It is literally true that millions come easier to a trader after he knows how to trade than hundreds did in the days of ignorance.
It never was my thinking that made the big money for me. It always was my sitting. Got that? My sitting tight!
~ Jesse
Like if you liked.
Share if you want to spread awareness with others.
Trading with success is a constant struggle against one's emotions for traders, rather than a battle of intelligence. As a trader, I acknowledge that my greatest adversary is my own emotional state.
MACD - BUY/ SELL SIGNAL 9 EMA - SHORT TERM TREND 21 EMA - ENTRY /EXIT POINTS 50 EMA - PLACE STOP LOSS 200 EMA - LONG TERM TREND ADR - AVERAGE DAILY RANGE BOLLINGER BAND - VOLATILITY LEVEL
STARTING AGE DAILY SAVING MONTHLY SAVING YEARLY SAVING
20 $2 $61 $730
25 $3.57 $109 $1304
30 $6.35 $193 $2317
35 $11.35 $345 $4144
40 $20.55 $625 $7500
45 $38.02 $1157 $13,879
50 $73.49 $2235 $26,824
55 $156.12 $4,749 $56,984
Note:
Hey guys!
Take a look at this table of savings based on different starting ages. It's never too early to start saving, even if it's just a few bucks a day. Just think - starting at 20 with just $2 daily could lead to over $26,000 by age 50! But if you wait until 55 to start saving, you'll have to put away over $150 a day to hit the same goal. So let's start saving now, and avoid having to scrimp and save in our golden years.
Analyzing Bitcoin's Monthly Candle: A Bullish Outlook for Cryptocurrency Traders
The Bitcoin market is currently buzzing with anticipation as traders prepare for the monthly candle close. Investors are keen to gain insights into the future direction of the world's most popular cryptocurrency. The current monthly candle for Bitcoin has been solidly bullish, with the price hovering above the key level of $27K + - 1 This is a positive sign for traders, as long as the price continues to remain above this level, there is potential for further bullish activity in the coming weeks.
If the candle closes on a bullish note, many experts predict that the $25K area will be an important level to watch in the next month. This area falls in the middle of the candle's body, suggesting that Bitcoin could trade in this range for the next few weeks. However, traders should also be prepared for the possibility of a breakout above the resistance level. In that case, the value of Bitcoin could surge to $32-35K, which would be a significant increase in value for the cryptocurrency and a potentially bullish sign for the wider market.
To sum up, the monthly candle analysis indicates that Bitcoin is expected to remain bullish in the coming weeks, with the potential to break above the resistance level and reach new heights. Traders should remain attentive to the market and exercise prudence in their investment decisions to make the most of this opportunity.