brucelee

We are often talking about trading & investing strategy. We compare our strategy with the strategy of successful people like Elon Musk, Warren Buffet; so on and on. At the end of comparison either we end up our plan just by realising how better it can be or tired after too much work.
Here our strategy ends....... After a few days we get motivated by any exterior factor and this time the same cycle has brought the same result. Day trader, for crypto 73-81% left within less than one year and for stocks this percentage goes up to 80%.
We often talk about whether everyone is losing money this day or this month as the market is going down. How is it possible the market crashed and someone made a huge amount of money.In 2008, the US market crashed and everyone was losing but John Paulson made estimated earnings of $20B while Michael Burry made an estimated over $1B.
That's why strategy matters a lot in any field of life for success like in trading if you are not making analysis in which subject you are weak (Portfolio management, Market analysis, Candlestick patterns , Economics News to stay updated, Investment plan & the Ease of using the brokerage app), the time distribution for leaning of these particular subject & prepare yourself. I hope this will make you feel that you have done a lot. But actually this whole is nothing more than a written prescription made for a patient.
If you want to recover yourself and your losses then you should be more practical in your trading skill.
Stick with your one or max up to three strategies. In my suggestion one is the best option as #brucelee said:
I fear not the man who has practised 10,000 kicks once but I fear the man who has practised one kick 10,000 times
Mark the graph of the previous three months, Check your #strategy how many times it was working.
If it works up to 70-80% then select it.
Now wait(this may be of minutes, hours, days but don't run behind the market ) the market to get in your strategy.
If you think it's is in your trap 🪤, take your profit or accept the loss.
It's noteworthy to mark your practical profit (usually 7-15% you may reduce it in the beginning) and loss ( usually about 1-2% of your portfolio) limits as per day , week and month. This will help you to calculate your overall results.
If you get your profit the first day of a week or even of this month, stop trading and enjoy your reward.
If you bear loss then stop trading this day, try the next day as the market is available 24/7 so don't worry just stay cool and motivated.#physcology