In today learning we learn bout good trades and bad trades.
The essential is: There are many good trades But here are also few bad trades - we need have strategy to survive bad trades to continue tomorrow as well, for instance stop loss.
With risk-return ratio, we can allow us to find strength of price so that it keeps go another let us say +2% from a certain and strong buy-level.
We focus on long (bull) positions and from local bottoms after a dump.
Study chart and learn!
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In the mean of short pos, I use long rejection to consider start short pos
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#1 never think you are better than the market #2 plan money, money management is important #3 use strategy to make profit and manage risk, loss #4 have sources for new cash liquidity or else you will be bankrupt quick
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So you got 4 options to make money: 1. make profit on intereest rates in bank account $10,000 gives maybe $200 2. lose big by thinking you are better than market $10,000 turns into $4,000 eoy 3. DCA by going only long, but use new cash liquidity to keep adding more funds at lows, maybe $10,000 turns into $15,000 4. Learn to long and short by trading only weekly chart/monthly chart frame, maybe $10,000 turns into $20,000
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To put things in perspective, I have real example here
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How to set up the long/short pos box diagrams
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Today's motto: If you win 100 trades You can afford lose 5 trades