Why are trading and investing like running Marathon?
When I was younger, I liked to race in activities like the half-Marathon and some similar local ones since I liked the feeling of fulfillment I got from finishing them.
Since I'm not a professional runner anymore (running bothers my knees too much), I know it's critical to keep moving (even if it's slow) even when I'm weary and worn out from running.
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The secret to finishing a Marathon is to remain engaged in the game. Remaining active is critical in trading and investing. Allow me to elaborate:
In a difficult market situation, many traders are prone to giving up too quickly. Instead of dealing, you may choose to remain out and observe. However, ignoring and abandoning the market and then returning when you discover it is at an all-time high as a result of the news is unacceptable. Staying out of the market vs. abandoning it has a finer point.
It will be much simpler for you to return to the marketplace if you continue to monitor it and look for the appropriate chance and market conditions that fit your personality and trading style.
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If, on the other hand, someone was out of contact owing to account drawdowns as a result of market volatility and returned only after realizing the market had reached an all-time high and experiencing FOMO, they would be considered out of touch. Because of their emotional nature and lack of analytical and execution skills, they have little chance of surviving and profiting from the market in the long term.
Since February 2021, the market has been difficult because of sector rotation and shifting tendencies. In general, breakout trades are prone to failure, and even if one is a triumph, the trend may not continue long enough for a hassle-free journey. However, there are many lucrative trades lying in wait each week; all we have to do is focus on implementing the proper trade management technique.
So, if you want to be successful in the long term, keep playing with the proper mindset and risk management.
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