DELSU MTL COMMUNITY

What made you to say so bro...

Wassup guys, I'm back😌

Not really and there's a good reason for it

If u notice, you'll here a lot of traders, especially the most profitable ones talk about retirement

One of the reason is because, as a normal human, our brain tends to degenerate as we grow older

So we may eventually start thinking slowly or less effective at some point

You might notice this when you start advancing to 60 or 70 and you strategy which has been profitable for you over the years begins to fail

Most aged traders who don't understand this might get frustrated and begin to look for solutions to what they're experiencing without realizing that it's beyond their control

That's why it's good that if you've advanced to a point where on an average, your wins outweigh your loss, then it's imperative that you begin to diversify your portfolio by investing in other business. This will help you build wealth using multiple avenues

Trading isn't a business ooo, there's a difference. It's a skill which pays you as you learn and continue to advance

A real business isn't necessarily a skill set (it may be), but it's sth that can generate wealth for you even when you're old

And another advantage is that a business can be passed down from generation to generation, but the ability to trade can't

That's why it's important you have a diversified portfolio

One big reason is psychology. A diversified portfolio and more sources of income reduces the pressure to always chase money on the charts.

Exactly

Gm traders 🐦‍🔥

Today's topic of interest: Volatility

This refers to the spontaneous movement of price in a specific direction(up or down)

Volatility helps you know who's dominating the market presently and helps you identify potentially profitable setups

But before entering a trade, you must be aware of how Volatility works, because most times, spontaneous price movements may be invalid

What this means is that sometimes, a increase in the level of volatility may just be a false move for price to target a particular level, grab liquidity and move in the opposite direction

Hence, when riding on volatile price movements, it's important that you take note of potential levels that could invalidate your trade before you enter

Such levels should be where you aim to take profit, just in case the market does reverse when it gets there

Also, you might notice some paira that are ranging, that is there's no defined movement(whether it's up or down), you ought to avoid such pairs if you ever come across them