Lets get us some Financial Freedom
Copy Traders Den CFD trades on IC Social
(in development)
Bypass years of learning by copying Traders Den on IC Social
The BIG challenge in trading / investing is to persuade your MIND that your trade / investment idea will, in the future, be correct.
You then have to actually get your mind to ACTION (risk an amount of MONEY of choice) that idea BEFORE the move happens.
After = Too late
Get accustomed to / Learn to deal with the emotions that trading brings before, during and after periods of :
- Uncertainty
- Financial losses
(with no thank you & a feeling of emptiness after)
- Vulnerability
- Unknown Outcomes
Same trading Pair
Looks like a BUY on the Daily
Looks like a SELL on H4
Looks like a BUY on H1
Looks like a SELL on M30
Looks like a BUY on M15
Look like a SELL on M5
Damn, it's so confusing!!
Okay, now what if you only look at M30 & M5
Ohhhh - SELL & SELL
See - #Simple
#Newbie
Q: Do you back yourself?
A: Yes of course
(3 trades taken and am up $2000)
#Oldie
Q: Do you back yourself?
A: Am trying - am working on my psychology
(1300 trades taken and only just back on break even)
Trading (over time)
makes you calculate & determine your own opinion
about everything.
There is little to no more
blank acceptance
about anyone else's opinion
about anything & everything
(related and unrelated to trading)
You in your 40's or older and you been made redundant.
Few options
- Retire if you can afford
- Apply for 100's of jobs (may well not work out)
- Food delivery
- Uber taxi driver
- Sell what you have and move to Asia / Latin America
- Learn to trade
Q: What else can you do?
Know what you are doing when you trade $Gold
- This morning Gold went down from $4370 down to $4291 (down $79)
and
- Now by the end of the day, Gold went back up to around $4370 (up $79)
That is a 1 day UP and DOWN move of nearly $160.
#Volatile