I think best is to figure out answer yourself. A rule may not apply in another context. In my case, i have never found a system that works better by taking early profits in intraday - Not once.
So this applies to all newbies - absorb all advice and ideas. But verify and adapt for your use case. Nothing like asking the market for answers to build up confidence rather than blinding following anyone ( including me).
Yeah thats what i have been saying. Market is so volatile. One day gap down and moving down, then suddenly next day huge gap up. Intraday is the only way i see. I am very new to the markets. My thought is generating consistent profit in trading is the most toughest job. You lose time, health and money. Darn it. Even if we work hard there is no guarantee i will end up positive. Even if I made no mistake i might make money even if i do everything right i might lose money. My mind is blown. There is no path like in other jobs.
Trading is not for everyone, i think most will be better off with job + passive investing.
You need capital, edge, risk management and patience and be able to accept/manage uncertainty.
One good thing i think i am doing is investing in all bees and MON100. First i wanted to invest in mutual fund but got confused with so many of them so went with all the bees and MON100 for foreign markets. Are those investments good decision?
What I can say is that, it is definitely not easy, does not happen overnight, one has to learn, practice, modify, learn new, implement, tinker, and on and on and on, until you can create something that serves you.
Depends on what you consider as consistent. If that’s month after month of steady profits with no drawdown, i don’t think that’s really possible or even worth fussing about. It seems most newbies are obsessed with this, holy grail does not exist - markets are competitive ! Only arbitrage type stuff or HFT type edges might be able to do this. And perhaps option sellers (just guessing based on what others claim) but they will have their own risks to deal with and returns will probably be low.
Year on year too is not certain but i think its reasonably possible with intraday trading. If someone cannot accept this, he is better off quitting early in my opinion. That said with multi year with compounding, financial freedom should be possible if starting capital is not too low.
I know it will not happen overnight. I think i answered to you in another thread. I am just learning and have kept aside some money to learn. If i lose it then i will not be broke. Also I dont want to shy away from trying. I know there is a huge probability I wont be a trader. But i do want to try and see.
I just wanted to know like what is the percentage of traders who really make consistent profit.
If i go to youtube seems like every person there is making loads of money. I know it is not realistic at all. So asked.
Geographical diversification if meant for just diversification works, but to expect any return is tough, as it is an investment in a foreign country, so obviously we don’t have any control over what happens there, not one bit.
Another aspect is that, what percentage of your investments are invested in these foreign products, if it is in single digit, even if the investment doubles, it is not going to make any meaningful difference.
Great strategy in investing in indexes.
I would suggest that keep it up, but when indexes are at high levels, you can invest more in debt funds, eg. Liquid debt funds, ultra short debt funds. And whenever markets fall next time, slowly slowly shift money from this debt fund to your indexes.
this way you will be able to buy more at lower prices.