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RE: Thoughts Of A Futures Trader
I really appreciate that you are taking the time to do this. It really does help me to be able to follow along and support you. I have no time to be a trader because I think to be really successful at it, you must constantly be watching for the best opportunities to buy and sell and not lose the farm at the same time. I don't have the nervous system for it. I know this about myself. I would sleep even less than I do now.
I appreciate ALL the skills that you have taught yourself Francis.
I can't tell you how proud I am of you for teaching these things to all of us.
I greatly admire you. (I know what you are thinking. Yes, I do. Do not argue with me on this point.)
Thank you for teaching me. I Steemit love you Francis. ;)
@rebeccaryan
I need to get down over the hill and do a little homesteading today. And I will.
I have to answer your reply. I will take time for you always.
It is true. I have learned a lot about futures trading. And I could conceivably take some
of that knowledge over to "crypto trading." But, I likely won't do that. At least not now.
One very important aspect of trading is the "black swan" event. We can be blindsided by it at any time. Even shocking news events can roil the markets in a rapid movement. For or against us.
Remember. Stops are for loss protection. But, in a fast moving market. Stops can be of little value. The bid has to be there to stabilize the market. In a fast moving market. The bid can be what is called, "overrun." Meaning the market is moving so fast. That the bid is swallowed up in fast trading action. Rarely does this happen. But, when it does. It isn't pretty.
I will always help anyone who has any questions. I don't have all the answers. But, maybe someone I know does.
Thank you for Steemit loving your needy friend. I need all the friends I can get. Without friends. Life can be a little lonely. I Steemit love you too. I am so glad that we have Steemit.
How would I have ever known you and @knarly327. Truth is. I wouldn't.
Francis