Day Trading: Patience and Mindset for Success

Patiently managing risks over time leads to exponential growth in returns, unlike quick, risky approaches.

### Importance of a Patient and Risk-Aware Trading Mindset in Wealth Accumulation
* 💭 Having a patient and risk-aware mindset in trading can help in making **sound decisions** and avoiding **unnecessary risks**.
* 💰 Even small profits should be appreciated, as they can **accumulate significantly over time**.
* 📈 Market conditions are constantly changing, and it is essential to **adapt to the current environment**.
* 🐂 While it is certain that a bull market will eventually return, it is challenging for many to **endure the process of wealth accumulation**.
* 🎯 "It's impossible to **maximize profits** while safely managing risks."
* 🚫 When market conditions are unfavorable, it is okay to **refrain from trading**.
* ⏳ "Ultimately, it's a **battle against time**."

And right now, aren't we continuing to move sideways? In fact, today, in a case like today, there was an opportunity here, here, and here. Since I was awake at that time, it was around 12:30, so I took a position and immediately sold. I bought at 1678 and sold at 1688.5, and it dropped right away. Actually, here, I was thinking about whether it would bounce back in a V shape from here, so I was holding a bit, but I felt that the upward momentum was too weak. I was thinking about whether to wait and see if it would go back into the box range, but the upward momentum was too weak. When I looked at the 5-minute chart back then, it was going up from here, but although it kept drawing the lower wick, the upward force was very weak. Of course, if you combine these three 5-minute candles, it becomes a 15-minute candle. There's one 15-minute candle here, and right now, it's a full bullish candle, so anyway.

But since it's a full-fledged beekeeping up here, there are charts that touch like this and go up to make a U-shape. However, on the contrary, the 5-minute chart is continuously reading the upper tail from here and not going up. So, I think if I do it like this, like a bouncy ball, it will bounce like a bouncy ball. You may have seen many charts falling like this and going up, or falling like this and then rising on the right side, forming a W shape. We have seen a lot of charts where it goes up like this or just goes up, fails, and then falls again, either 1 or 2. I organized my thoughts here thinking like this. In a way, I feel like this mindset has saved me. Perhaps, isn't it the secret that has kept me from forgetting myself so far?

I feel like I can't go up anymore, but I might be able to. Because I feel like I can't go up, I'll organize it safely for now. Let's check the position again tomorrow. This is how ordinary people usually think. They might say, What the heck, I only made $12. I grabbed the position now just for $12. If it's $12, it's not much money. Usually, because I don't know how many each of you put in, if you put in one Ether, it's $12,000. Not $12,000, but the exchange rate is 1,300 won, so it's 15,000 won. I've been waiting for 40 minutes to make 15,000 won. You might think like this. So, if you have it, how did I drop it? Then your average price is here, but the current price is here, so it becomes a somewhat depressing situation. But I just made 15,000 won.

If you had the mindset of I'll take the position later, the game might have changed. While it may be fine for others as they have many seeds, it's not the case for us. There are surely people who do it this way, but if you watch the rerun of 2021, you will see that even back then, I started broadcasting from January 1st with just 40 million won. At that time, I was the same. Now, I may have around 800,000 dollars, but back then, with 40 million won, it was around 30,000 dollars. However, at that time, the money didn't increase rapidly. Let me show you this. It's ultimately a battle against time. I will show you this. If you look here, I started broadcasting from January 4th, and at that time, I also traded stocks.

But if you look here, I have been writing down the cumulative profits every day. If you look here, when I started with 40 million won, you can see the cumulative profits. However, at that time, the market was trying to improve a little bit compared to now, so there was more volatility and better profits. You need to understand that. The market conditions in January 2021 and now in September 2023 are clearly different. So, you should consider that. Anyway, there might be a time when the market conditions like in 2021 come back, right? No one can guarantee it won't happen. We don't know when it will happen, but a bull market will surely come back. When that happens, you will see your returns growing exponentially. Even in a bear market, the returns do not increase well, as you can see here.

I earn 280,000 won a day, 300,000 won, here 4 million won, 400 million won, what, 1 million won like this, 30 million won here, 100 million won like this, gradually accumulating. Then, as you can see here, the profits start to increase little by little as the CD grows. Most people find it hard to endure this process. To be honest, because they can't endure this process, they end up pushing themselves to achieve something quickly in a short period of time, and when they push themselves, risks always come along. Even if I manage the risk well, in fact, it's impossible to manage it well while pushing yourself. You have to choose one of the two. It's impossible to maximize profits while safely managing risks. It's really, truly impossible. That's why you need to take some time, have a mindset of not losing, and if the market conditions are not good, just decide not to do it.

If you could approach, I would really, really, really appreciate it.

나씨가 비트코인 시장에서 단타로 오래 살아남을 수 있었던 이유

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나씨TV - 비트코인 단타의 모든것

The writer took advantage of a trading opportunity around 12:30, buying at 1678 and selling at 1688.

They hesitated on a potential bounce back, but felt the upward momentum was weak, observing the 5-minute chart for confirmation.

The writer reflects on their mindset, feeling it has been a key factor in their success so far.

The Challenge of Investment and Financial Growth

Many people underestimate small gains, like making $12, but in the world of trading, small amounts can add up to significant sums.

The speaker started with a modest amount and slowly grew it into a substantial sum, emphasizing that financial growth is ultimately a battle against time.

The message highlights the importance of patience and long-term perspective in investment and financial growth.

Cumulative profits in the stock market show a difference in volatility and returns between January 2021 and September 2023.

The speaker believes that a bull market will eventually return, leading to exponential growth in returns, but emphasizes the need to endure the process and not rush into high-risk decisions.

It is suggested to have a mindset of not losing and to refrain from trading in unfavorable market conditions.

I'd be happy to help! Please go ahead and provide the text you'd like me to summarize.