Characteristics of a risky trader.
A code for risky traders.
I consider myself to be a risky trader, a risky trader (Me) would do this:
1) Try and catch a falling knife.. meaning, we try to trade reversals, always trying to catch the best entry, and most of the time we will fail, but we do it because we know if we hit it correctly one time, it can recover all our losses, basically, we like to go against the market.
2) Trade “All in” style. Yes, we put all our money on one trade, it doesn’t matter we have 100$ or 10,000$ .. we always do a 100% margin trades.
3) high leverage trades.
I didn’t even have to say it, but we do it 99.9% of the time, x3 or x5 or even x10 aint worth our time.
4) The blind shot.
Yup, we trade blind folded, we dont check everything on the market before picking our pick, we simply random check some coins and take our pick.
5) We trade in foggy days.
We dont like it when the market is giving clear signs of its direction, we always trade when its FUD (fear, uncertainty, doubt) thats our best times.
6) We don’t hit that close button easily.
We dont care about how the trade is going, we simply won’t close it unless we are satisfied or lost it all.
7) Finally, we see money as an illusion.