I am waiting for a rally up to that level followed by a pullback to the pivot and support area at 1.2625. If that level holds I will look to get long!
Living in China, trading for a living 18 replies
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DislikedChiwi,
In general, I do NOT recommend jumping into day trading as a living as your single source of income. Reason? The same reason we've all heard to diversify your investments. Similarly, you should diversify your income. To have all your income from one place--especially the market--is highly volatile. You will feel "I have to make a trade in order to eat". This is highly dangerous, and a recipe for failure. I myself was in that situation and lost. But now that I have a other stream(s) of income AND trade, my trading is much more healthy...Ignored
DislikedAbsolutely no opportunity to get long... I hate it when the market roars off and doesn't give you an opp to enter.Ignored
DislikedNice trading people... I was actually the opposite of you guys all day and still made some money :-)
It just goes to show there are so many ways to make money in this market!Ignored