10 Aug 2024, 0137 hr EST Saturday. Big Lesson Learnt: Scalp...

10 Aug 2024, 0137 hr EST Saturday.

Big Lesson Learnt:

Scalping and day trade consistently are hardest easy job in the world but not impossible.

(Trading is not to be confused with investing. They are different beast).
Scalpings or day trades can yield quick and very high consistent win rates and profits, but holding a few scalping trades longer than intended can erase gains very fast. If you deviate from your original plan and hold onto a trade not designed for longer-term strategies like holding overnight, you risk significant losses if momentum shifts overnight. This is exactly what happened between 31st July to 6 August 2024 on Nvda trades.

End June to end July 2024:

If milk goes bad, it becomes yogurt.
Yogurt is more precious than milk.
If it gets any worse, it becomes cheese.
Cheese is more precious
both yogurt and milk.
What if grape juice turns sour,
turns into wine, which is even more expensive than grape juice.

You're not bad because you made mistakes.
Mistakes are experiences that make you more valuable as a person.
Christopher Columbus made a navigation error that led him to discover America. The Mistake of Alexander Fleming
I made him invent penicillin.
Don't let mistakes keep you down.
Practice doesn't make perfect.
Mistakes are what we learn from that make us perfect!

Don't be afraid of mistakes
big steps ahead
Keep on walking ... 😊

My reply to him:

The real challenge isn't your job, which is essentially meaningless and won’t be remembered by your kids or anyone else after you’re gone. Why? Because your true happiness and intentions can be twisted by those who don’t matter. Why lower yourself to play their game? The real challenge lies in mastering yourself through business and trading. In these areas, you control your own destiny, unlike a job where you’re just a pawn in someone else's game.

At our age, why seek out false challenges in someone else's world? If you're making $1k to $10k a day, you're already miles ahead of anyone you've ever worked for.

And time is running out, very fast.

Don’t leave your job until you have a financial buffer in place, or it will definitely impact your trading or business.

#precisiontrading

#daytrade

#scalping