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Welcome to the first edition of Helpful Advice Guru: Tips, Information and Trading Secrets! Hopefully some of the following will help you improve your trading,
and make you climb in that sweet, sweet Trading Report (>>22651258).
These past few weeks the market has seen a recession causing many traders to miss on some opportunities later in the week due to insufficient liquid. Are you too running out of liquid, Anon? Allow me to introduce you to some secret technique from
real life: it goes by the name of "Dollar-Cost Averaging", though you may as well call it "Thinking More Than 24 Hours Ahead".
Then main idea here is dividing your dividends by 7 and striving to spend no more than that amount each day. If you set a specific amount of liquid to be spent each day, you're never going to run out of liquid. Sounds too stupid? That's cause it is! I won't blame you if you find it hard to believe me, I wouldn't believe myself either. Maybe you'll like it more if I give you a serious looking webpage saying the same thing using fancier words
https://www.investopedia.com/terms/d/dollarcostaveraging.aspAnd to think such a simple thing can have such a huge effect... This technique has been at the core of my trading strategy since the very beginning. I'm sure you'll find some use for it too. For more advanced traders, you would do well to remember that you need not spend all the allotted money each day: you should just carry it over to the next day.
Now, a quick FAQ:
>Wouldn't I be missing on some deals if I did that?Yes, you would.
>Wait- Why would I do it then?Because you're lazy and cannot predict the future: there may be an even better deal tomorrow. Statistically you'll end up doing better. "Time in the market beats timing the market" or something like that.
>Should I do the same for the cycles in each day?No. Short answer: Not all cycles are created equal.
>Post your wallet?What? You don't trust anonymous walls of text, Anon? NGMI in a thousand years.
And with that, our first piece of advice concludes. I hope you found it useful. Keep in tune for the next issue of Helpful Advice Guru: Tips, Information and Trading Secrets! Due for publication
whenever I feel like it.
None of this is financial advice, some of it is FUD, and all of it
was revealed to me in a dream.
