Longer and wider is larger for more and better profits.
Looking forward longer in the future can increase peace of mind. Daily or/and weekly fluctuations are only noise, staying away from this could decrease doubt and fear of missing out (FOMO).
Trading day-to-day horizons can be extenuated. Few-day traders succeed better long-term.
Expanding the timeframe of trading and investing can drastically increase the chances of success and the stability of portfolio volatility.
~If you want to do better as an investor, the single most powerful thing you can do is increase your time horizon.~ Morgan Housel
I made a foundation with this new paradigm.
Next week I will (re)start investing and trading focusing on the process, not the goal.
The goal is to make money by preserving capital first and, of course, securing profits.
The process is better risk management by opening fewer but sounder trades.
Thank you to all of the 25 followers for their trust and appreciation since the beginning of the fabulous year 2024.
Let's go!
