DislikedUS Govt Shutdown Begins. have you ever thought or researched how it effects the US Dollar Short term and long term i wonder... anyways if i were you i will be looking at tomorrow, because USD today first day might be chaos confusion. but if i had to trade i will not choose GOLD that is for sure. it will be very risky. because there might be some good newws coming today but that is old because those ar ethe result of Sep. and mostly shutdowns doesnt effect USD in long term, at not till now. today even USD index eurusd gbpusd is not effected YEN...Ignored
those were my exact words if you read the post.
and i just wish some traders didnt buy and saved their money and maybe some a little bit chance some saw the raw reality i nthe post and decided t otake a chance and sell.
thosse will be happy.
we are just traders, trying to explain what is happening and how to manage risk.
most traders think about profit, the first thing comes to my mind is how much i am risking profit is seconday,
money market is all about how to manage risk.
you guys trade in LOTS 0.1 0.05 that is the illusio nthey created for you,
0.1 is just 1$ per pip trade, forgetting you out up 10K for that trade and you have 2k or even 1K account.
Leverage is poison.
the growth is alowas slow like planting a seed but you understand compounding and use that in few years 1k can get into 10k or even 20K but that will take years careful planing. and excution of that plan.
but most traders are too greedy
i use to trade in lots thinking its just 10 cents or 50 cents trade and i promise you for years i was loosing.
untill learn how to really look at money
now i see % i made 2% today well done i have done good even 1% is fine
if i can make 10% a month average stcks give you 10% a year so iam going 10 times better.
think big think long term,
i hope maybe just maybe some people will try to think about it and hopefully will see how the market should me looked at business
when you open a restaurant you dont ecpect to grow 100% and make you second branch in few months right?
why forex or futures people start thinking differently.
this i business and people are doing it for decades
other then that its ust gambling
no offense i was the best gambler of my time risking my 50% equity holding trade adding more positions.
and lost a lot at one time in my life i was struggling to survive.
didnt have even a good job. after date 15 or 17 i my account was empty.
that is the trust guys.
i am just telling you guys this that every one almost everyone comes to this market hoping to scape the rat race the job the paycheck to paycheck life.
but not many made it out.
first understand in this market your midset is the machine which can make you millions
but that will take time and patience and most importantly learn to understand the phycology of money.
why we repeat our mistakes, account blown and again back after a month or 2 with another 500 ot 1k to make it back.
whats gone is gone.
if you ever started never think baout previous losese that will make you greedy emotional to make the loss back recoverthe loss.
and that is what is thriving this market.
traders always come back
the addiction is worse then drugs,
.
wish you guys all the best.
and we hope some will think about what i said because time is money,
and my mentor told me to post what i learned how i learned so others may also understand its not about charts or much you can make in a month.
it is how you manage the risk because trades will go wrong
i use to trade 10 trades a day now 2 trades a day.
sometimes 1 good trade is enough.
and to me money is about having time,
to enjoy life if i am trading 12 hours a day in reality i am working for money.
but 1 or 2 good trades and then rest i am spending time doing waht ever i want playing swimming what ever.
that is good life. to me atleast.
because
we only live once, but if we do it right once is enough.
but my mentor he is not like that he loves money he told me many times making money becomes an addiction for some people and then the high you get from grugs from sex from even wimming runner high etc.
you will gettin 10 times more then making money.
so choose your drug carefully.
The Ones who make it, are the the ones who Manage RISK
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