🟢🟢Here are some reminders for everyone in the group to see together 🟢🟢
I've been in this market for 8 years now. At first, I thought long and short would yield more profits. But that was with small capital. Trading based on emotions, as long as there are gains.
- But over time, I realized that the right path is to only go long / not short.
And I want you all to do the same. Go long, don't short.
I'm not forbidding you from shorting. Because the money is yours. I don't have that authority.
But now, with small capital, if you are addicted and used to long/short, later with larger capital and accounts, you won't be able to manage. The market is very harsh. It's not like fluctuating a few prices is just 1-2$ .
In a large account, a short can swing 50-60k$ , at that moment your psychology will forever lose.
📌Long and short are very harmful if using both strategies.
- It affects the psychological judgment of the market
- Always in a state of taking profits quickly. Closing trades and running.
- If losing, you will burn out your account
- Always haunted and influenced by someone else; if they say short, you will immediately fluctuate and jump into shorting
- Very difficult to manage capital.
📌I don't consider myself talented:
But compared to many of you, I have been in this market longer than you.
I know what is beneficial and what is harmful.
I myself also have to learn and learn a lot.
I created the group (for you to chat comfortably. No constraints) because:
- I want you to be comfortable
- There is no better method than learning and practicing simultaneously; in practice, whatever you get wrong - I get wrong, we can discuss together to help you succeed more, quickly absorb and understand this market as soon as possible (because this is the fastest method to absorb knowledge in this field)
📌I usually don’t write, but I see many of you making serious mistakes. Thank you for reading 📌
