I was reading some articles and watching some interviews with traders and noticed some of them mention they maybe only trade SPY, or only trade Crude or whatever it may be. The justification being you can “get to know” that instrument/market and more easily develop a strategy around it.
Wondering how many of you here do that? I have not had great luck trading (for the sake of this I'll say trading is anything I plan on holding less than a year) and I think part of the reason is there is just such a wealth of information out there whether it is this subreddit, discord servers, youtubers, etc. etc. that it's really easy to have analysis paralysis and I have a hard time being successful because I don't stick with one thing long enough to see if it works or not. I acknowledge I need to work on self discipline…
Anyways…not sure what I am getting at but what are your thoughts on this? I am looking at it like this…I have my account where I contribute regularly and buy ETF/Stocks that I want to hold for the next 5-10-20 years, but I'd like to have a smaller account where I can learn to trade and develop a strategy that works for me. Thoughts?
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