Trading seems like a very simple way of income: you buy shares, their price rises and you get $100...without going to work and having a boss ... But the perspective of trading is actually making lots of money by using your own intelligence, not by your own laziness.
My father always advised me not to work with hands but with head. When I got to know the stock market, I realized that it was exactly what my father talked about.
The basis of my success is the iron concentration and immersion in trading. I do not worry that at such times I become extremely unpleasant and totally unsociable.
If I sleep peacefully at night, it means that I am not risking enough. If I do not sleep at all - I have over-risked. The balance is to wake up 1-2 times, only then, the risk is balanced properly.
Traders who lose a lot, usually overestimate. You have to ignore your emotions to be able to work at 100%, the be the most effective. Crossing the border of your emotions will immediately lead you to wrong decisions.
The word "speculator" comes from Latin and means "observer". The "observing" to me is when everybody talks about something - I'm late.
People love to wait until the last. They are afraid to buy when prices are falling, but this is the time. The successful trader thinks opposite: "what is good for everyone else, is bad for me, and what is bad for everyone, is good for me ..."
I examine hunger, natural disasters, wars ... as excellent opportunities, as people run away from them.
Stability in the country is a major criteria for evaluating investment risks. Why to trade in Mexico or India, if in the United States you can make a fortune even if you sell pizza? In the US, if you break the rules, you are going to jail, so US economic indicators can be trusted. But can we trust the Chinese ones - who knows ...
Those, who predict the collapse of the global economy are complete idiots. The fact that the dollar will collapse and everything else will collapse - I have heard it for 55 years in a row. These are the "experts" who motivate themselves with pessimism. I always say that yesterday we lived better than the day before, today we live better than yesterday and this is a permanent trend.
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