VituVingiSana wrote:slick wrote:mnandii wrote:Hehehehe
My people on the NSE, are you seeing what Bitcoin is doing?
Kenyan markets are too slow and one has to wait a looooong time to make decent gains.
Offshore markets especially cryptos and US stock market are highly volatile and make big moves and if you understand the dynamics and shenanigans of Wall Street and make short term leveraged trades,one can make a lot of $$$$$$

in a very short time.
Can't these trades go either way?
Lose $$$$$$ in a very short time.
Yes.The trades can also go against you very quickly.The trick is to stay disciplined.Take small position sizes,respect your stop loss and profit targets and long term you shall be profitable.Problem is that most beginner traders have the illusion of making a quick buck and take big position sizes and hold onto losing trades waiting for a turnaround.As they say 90% of traders lose 90% of their trading account in first 90 days.They go all in on one trade or even 30-50% on a trade and if they lose on this they blow up their account.Never take a trade position that's above 5% of your overall trading portfolio.If a trade hits your stop loss get out no matter what and lets say make a rule that if a trade goes down 20% get out.Sure some hit your stop then bounce back and if you keep refusing to get out of your stop loss position you will lose large in one trade.Losses are part of the cost of business of trading.
The current volatile US markets are offering superb opportunities to make profits.NSE is kind of dead right now and is too slow to make any decent gains in the short term.
Anyway only 10% of traders are consistently profitable and its not a game for the faint hearted but if you understand the Wall Street game of pump and dumps and market manipulation plus stay disciplined one can make a good living
Strategy is do both investing in the long term and short term trades for daily income.
Contrarian Investor and Trader.Advocate of free markets,limited government interference in the economy and sound money