No is never true that is safer. Market in short term have lots of fluctuation. You need more time and effort and skills to do well in short term trading. PS I am a short term trader, and i know is not that straight forward...
Usually technical analysis come into play when trading short term. Also your psychological (mindset need to be strong and tuned).To talk about short term trading, it will take days.Bcos there are too many things involve. Let me just briefly introduce some facts and touch on them again.
some of the things to consider:
1 selection of stocks, futures, currency pair, commodities etc
2 timing,
3 management of the prediction
4 capital management
5 Cut lost price and entry price
Always have a plan when trading and have the discipline to follow the plan. Alot of people tend to hope that the things they buy will go their way. This is hope analysis and luck analysis.How many times you bet on 4D, u win?? This is like betting on your life without protection for critical illness. Cos I am young n have healthy lifestyle, I wont get critical illness lar.But statistic show that alot of people got it, so are you still using hope and luck analysis for trading??
Some fact of the market:
5% winner and 95% loser in the market.This is statistic figure. The 5% win the money of the 95% of the participant of the market. Which side you want to be??So trade with a plan and follow the plan.
Some basic of the market:
1 buy = 1 sell ( mean if u sell there is someone buying)
if u win money mean someone lost money
the participants of the market are the very rich, institution, and small player
we are small player, and our biggest enemy is institution.
institution are the one that provide liquid to the market
will talk more about short term trading the next time... Spain or Holland??
