Had a bad day at work. Why? Because I've lost 8 ticks, the highest record I've achieved thus far after working for almost a month (Well practically I've only been trading for only half a month).
I work as a trader, for almost a month now. Basically my work involves me buying and selling Hong Kong shares for the company. It was interesting when I first joined, perhaps because it's something new. It's getting more dull right now, and slowly I lost interest in it because there's nothing new. Maybe you'd argue that everyday the market is different, hence the play style would be different to adapt to the everyday trend. Or maybe you'd say that it's getting dull for me because I lost money most of the time. But I'd say that there's nothing more to learn, although I haven't grasp the basic principles yet which include 'Buy low, sell high' and 'Cut loss when you see the tide is against you'. It's easy to say, but hard to practice. For example, when you see a low, it's a 50-50 chance. It might be the low if you're lucky, but it might also drop even lower. As for the cutting loss, well that's a bit hard on me as my reactions are slow but maybe less of a problem to others.
In the end, I still feel that it depends a lot on luck, just like gambling in casino, just that this one you have graphs and news and numbers to refer to, which will help you determine whether the market will go up or down, to a certain extent. Yes,'To a certain extent', else everyone would be a billionaire already just by trading. And I say that it feels like gambling in casino because you do get the palpitations when you buy and waiting to sell, your hands sweat too. It challenges you on fast decision making and fast reaction, also controlling your emotions. But the proportion of luck involved is too much, at least for me.
I work as a trader, for almost a month now. Basically my work involves me buying and selling Hong Kong shares for the company. It was interesting when I first joined, perhaps because it's something new. It's getting more dull right now, and slowly I lost interest in it because there's nothing new. Maybe you'd argue that everyday the market is different, hence the play style would be different to adapt to the everyday trend. Or maybe you'd say that it's getting dull for me because I lost money most of the time. But I'd say that there's nothing more to learn, although I haven't grasp the basic principles yet which include 'Buy low, sell high' and 'Cut loss when you see the tide is against you'. It's easy to say, but hard to practice. For example, when you see a low, it's a 50-50 chance. It might be the low if you're lucky, but it might also drop even lower. As for the cutting loss, well that's a bit hard on me as my reactions are slow but maybe less of a problem to others.
In the end, I still feel that it depends a lot on luck, just like gambling in casino, just that this one you have graphs and news and numbers to refer to, which will help you determine whether the market will go up or down, to a certain extent. Yes,'To a certain extent', else everyone would be a billionaire already just by trading. And I say that it feels like gambling in casino because you do get the palpitations when you buy and waiting to sell, your hands sweat too. It challenges you on fast decision making and fast reaction, also controlling your emotions. But the proportion of luck involved is too much, at least for me.
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