Your RISK TOLERANCE in SPY trading is everything
Your RISK TOLERANCE in $SPDR S&P 500 ETF Trust(SPY)$ trading is everything:
1. You have $10,000 but you lost your job, have 3 kids to feed and have debt to pay. You won't be able to take a loss on trades. The pressure is too high and too much stress.
2. You have $1000 but you have 2 small business, no kids and have millions in savings. You are going to be comfortable waiting all day for 1 trade to take. You don't have pressure to make money so you are going to execute trades without stress and can take losses.
3. You have $1000 but this is your 10th time blowing up your account. You need to prove it to yourself you can do this so again you dont want to take losses and even will gamble and FOMO. You just don't follow your system because your EGO is in the way.
Trading is 1000% mental and how well you perform depends on your mindset and outside/inside pressures.
For whom haven't open CBA can know more from below:
🏦 Open a CBA today and enjoy privileges of up to SGD 20,000 in trading limit with 0 commission. Trade SG, HK, US stocks as well as ETFs unlimitedly!
Find out more here：
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
