1. On Day Trading:
Day trading can be profitable, but it requires discipline, a solid strategy, and emotional control. Most new traders lose money because they treat it like gambling instead of a business.
2. On Long-Term Investing vs. Trading:
Long-term investing often outperforms short-term trading for most people. Trading is high-risk, and without proper knowledge and risk management, it's easy to lose capital.
3. On Technical Analysis:
Technical analysis is a useful tool, but it’s not foolproof. Patterns and indicators should be used in conjunction with market context and risk management.
4. On Using Leverage:
Leverage amplifies both gains and losses. It's a double-edged sword—powerful if used wisely, dangerous if used recklessly.
5. On Crypto Trading:
Crypto markets are highly volatile and speculative. While opportunities exist, it's essential to trade with caution and avoid FOMO-driven decisions.
6. On Trading Psychology:
The biggest enemy of a trader is not the market, but their own emotions. Fear, greed, and impatience ruin more accounts than bad strategies.