DO NOT TRADE FAST; TRADE SLOWLY.

Trading is not a horse race, doesn’t matter the minutes, hours or days only the profit counts. I am sure about that every one of you have had the experience that you made a quick decision and was a horrible losing one and when you were not in the market due to family issues or travelling, you were able to react late, those positions were the most profitable. Right?

Why is that? Because this trading business is about patience, like hunting or fishing. Sometimes we have to wait days or weeks to set up a good position. I know it is boring, but I can assure you it worth.

Generally the fastness is bad in our all lifes. Just think about the fast food. It calls junk. And, you are not able to remember that Jesus, Moses or Buddha were not any time in a hurry. The best things happen slowly in our life, think about that. That is the same in trading. The best and most profitable positions occur slowly. The good positions need time to be superprofitable it couldn’t happen within a day, that is why I am really concerned about daytrading. My all biggest gaining trades took at least one week. The time is the good investor’s best friend as Warren Buffett says. As the English people says „feather by feather the goose is plucked”.

Why is great the slow investment in trading? Because the trend turns slowly in the market. And, honestly we never know when changes exactly. We are horrible marker timers so we have to keep and hold tight our long term positions and wait until the sentiment of the market changes. The bad momentum could turn into good momentum pretty slowly. Sometimes it takes months. Sometimes some assets could underperform for a while and that time we need to have patience and wait like the hunter for the lion.

All in all don’t rush in trading just take your time for decisions. Consider first and then react, there are always good buying opportunities so we never miss anything. It sounds worth waiting for. The good trader need ass not brain.

The BFM Assets Team.