After undergoing stock trading, after feeling like a beginner, after changing systems and trading plans. After experiencing the ins and outs of the trading world, sometimes profit, sometimes loss. Now I conclude, the most suitable type of trading for me is swing trading. How about you?
As a trader, especially if you are a beginner, you will face a dilemma, which I call the TRADING DILEMMA. My trading dilemma is:
Stocks rebounded on an indicator basis, but as soon as the stock was bought, the price immediately fell. Shares that hesitate to buy, the price immediately skyrocketed. Buy shares in small lots, the price goes up a lot. Buy a stock with a large number of lots, the price immediately drops. Had 3 choices of rebound stocks, one of which was purchased the price immediately went down, but the other 2 stocks that were not purchased were the ones whose price rose rapidly. Take profit shares, the price even continues to rise. Cut loss of shares, the price goes up again. He was hesitant to buy this stock because the stock had rallied and was high, the price was going up even faster. But if a stock that has gone up fast is bought, the price will immediately correct it.
If you are a stock trader, try to reflect on the trading dilemma above. I trust you, I will not deny the painful reality. Why did I write that quote? Because that's what I experienced myself as a trader. It is these dilemmas, experiences, and realities of trading that are the most irritating of all. And believe it or not, many even all stock traders experience the same thing, but they are ashamed to admit it. Traders mostly show off their profits, but are they hiding their trading dilemma behind it?
Stock seminars, trainings on stock investment, any workshop related to the world of stocks, every speaker will always suggest you: "Investing in stocks is easy to get profit". They exemplify figure A, character B who plunged into the world of stocks and got many-fold profits. As if really suggesting you that this is the time for you to open a stock account and invest in stocks, because with stocks you can profit many times.
Then many newbies, without any knowledge of stock risk asked: "Sir, can you earn 30% a month?" "Your trading method can guarantee what percentage of profit a month?" It's really wrong and inconsequential all these thoughts, thoughts that only aim to get instant profit without any hard work. Words that trap and suggest potential investors and stock traders to immediately enter the world of stocks... and then the results?... Not profit, but even loss....
If you are stuck, you end up blaming the stock market as the cause of the loss. The stock market is gambling, the stock market likes to lie, it's someone else's fault. Don't want to admit your own mistakes.
Why are traders and "experts" rarely willing to admit and write like my quote above? Mostly because people don't want to admit that it's the truth. Few have the courage to reveal the difficulties in stock trading. Few have revealed that beginners will often be wrong, beginners will often lose. Few have the courage to reveal the reality and trading dilemmas.
If you protest: "Why did Bung Heze dare to write this post?"
Because I want to share with you the realities of trading. Reality means not only bringing out the good, but hiding the bad. I'm not writing this post because there's a shrimp behind a rock. However, I would like to clarify your perception of trading and investing in stocks. At the same time BECOME EVALUATION MATERIAL for myself.
As a beginner, my trading performance is actually not bad. During the first 6 months I got a pretty big return for a beginner. [return will be given following]. However, after that for up to a year and a half I actually experienced losses and losses. And if I go back to my quote above about the trading dilemma, that's what I experienced. Finally, the best way is to stop trading for a while and do an evaluation.
To be honest, when I was hit by a loss, I thought several times to just close my account and stop trading stocks completely. But with all the struggles, I tried not to give up right then and there. Keep going, keep evaluating. Until finally I found the right pattern, the right indicator that can minimize losses as little as possible and get CONSISTENT PROFIT.
With all the learning, I'm finally more prepared to accept risks. I know the road to success is not instant. I know that instant endings are not good. That to succeed, you must first build a foundation. Build a foundation by learning to lose and accept the unpleasant reality. You have to be willing to admit that the market is right. And that means? It means you have to go with the right one, you can't go against the flow of the market.
Bung Heze, means when is the right time to trade / invest in stocks?
In stock seminars, the answer is as early as possible. But, I don't think that's the answer. The right time to invest in stocks is when you are ready to take the risk, when you don't expect instant profit, when you are ready to lose as a beginner, when you are ready to accept that you are losing and the market is right.
So if you are ready to dive into the world of stocks, including those of you who are already trading but your mindset is still wrong, then pay attention to the steps so that you can get rich from stocks:
First. Ready to lose for 1-1.5 years. Even though the first 6 months - 1 year can be profitable.
Second. Study hard to find the right system, 6 months - 9 months. At this stage, you will often change the system.
Third. Start learning to minimize losses.
Fourth. Start learning for consistent profits (not big profits), accompanied by very minimal losses.
So, the first step to getting rich from stocks is not thinking about how to get 30% profit a month, but the first step is that you have to be ready to lose (read: process) first.
Are you ready?
