Right now is arguably one of the most difficult times ever to trade. Market Makers, Mutual Funds, Furu's, Veteran Day Traders and Beginners are all struggling.
This market is all over the place, and it is unpredictable, but you only can worry about what you can control. Believe me when I tell you that I have learned that the hard way.
YOU ARE HUMAN YOU ARE GOING TO BE WRONG
WHO FUCKING CARES - As long as you are following your rules, sizing appropriately and scaling correctly, you will be successful.
"Give it time, it's like novocaine, it always works."
"Be a goldfish" (For my Ted Lasso fans)
Everyone is struggling right now.
ONLY 1/3 OF MUTUAL FUNDS ARE AHEAD OF THE EQUITY MARKETS.
Professional stock pickers who feasted on last year’s volatility were positioned for more of the same heading into 2023. They got something else entirely, and are paying for it in their returns. Only one in three actively managed mutual funds was ahead of equity benchmarks during the first quarter, the worst performance since the end of 2020. - Bloomberg
“ADP private employment tally was much weaker than expected, and with other high-frequency labor market metrics, suggests deteriorating labor-market growth,” said Stan Shipley at Evercore ISI. “Whisper fears suggest a tepid jobs report on Friday.”
“Recession risks have increased,” said Mark Haefele, chief investment officer at UBS Global Wealth Management. “The equity outlook is challenging. As the slowdown of the US economy becomes more apparent, we think investors should prepare for a peak in interest rates by considering opportunities in bonds.”
I'm throwing all this in here because 1) you need to be informed and educate yourself but more importantly 2) EVERYONE GOES THROUGH ADVERSITY and can be wrong. Its ok to be wrong, just cut your losses and don't be a DEGEN AND HOLD ONTO A LOSER LIKE ME.
Love & Respect you all.