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The Power of a Side Income
“I’m extremely well diversified. My thought process is if I screw up in one place, I’ll always have a life preserver someplace else.” – Marty Schwartz, Market Wizard.
Much of trading effectively is about stress management. A highly stressed trader makes mistakes, and has trouble trading his plan. And stress comes from many places, so it is imperative that you stabilize your personal situation first, and then attempt to tame the markets!
Here are the main perils of trading under pressure:
1️⃣Lack of discipline.
2️⃣Looking for trades as opposed to waiting for setups to appear.
3️⃣Impossibility to treat losses like the cost of doing business and nothing more.
4️⃣Overtrading.
5️⃣Cutting winners short.
6️⃣Riding losses.
Like any endeavour in life, you need to be fully committed. For limiting mental pressure in trading, this means that it does not matter what you do, even if it involves stacking shelves part-time. It’s just important to make sure you have another source of income if you want to be a trader. Cashflow is king, as it helps you manage stress.
✅ Save it and Use
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What level are you on as a trader?
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When I first started trading, I didn’t know where to go, how to get started, or even what to look up. Now here I am, teaching and guiding you guys on how to trade. Dm me for anyone questions, no matter what level your on.
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P.S emailing will get a faster reply
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Comment below if you agree
For more tips on investing and trading
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The basics of short selling.
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For shorting you gotta have a margin account to do it, also be very careful when shorting with very volatile stocks. If you’re a beginner, you need to practice going long before you short anything.
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Comment below if you agree
For more tips on investing and trading
Follow @maltsev_trade
We all know this statements
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First Bitcoin was to complex, then people thought it was too risky. Last year people complained that it is too late.. I wonder what they will say in 2022
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In a Crypto-world full of scams @cryptoexplorer provides you with objective Knowledge, Entertainment, News and Education about Cryptocurrency & Blockchain!
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Consistency is key. .
People rarely see the grind before the breakthrough.
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This is where I show up to everyday to keep grinding the charts. Wins, losses, feeling defeated, it doesn't matter.
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After enjoying some time off the charts this weekend I am more ready than ever for a strong week. .
It's a great feeling knowing that the hard work is paying off. Try to enjoy the moments when things begin to click and wins start piling up, but then quickly get back to the grind. The market is always on the lookout for a way to humble you. .
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