Markets have always gone up and down, and here’s how to avoid a crash

The current market is one of the toughest I’ve traded in my career for over 25 years. I won’t go into the many reasons for this, but frustration among many traders is at the highest levels I’ve seen since the bear market that started after the dotcom bubble burst in 2000. The 2000 bear market crashed Many individuals exited the market, and many of them are no longer Cat.

The current market action is not a technical bear market for indices yet, but more and more individual traders are giving up because the stocks they favored have been the hardest hit. It has been drained by this market, which has offered only limited opportunity for too long and shows no signs of recovery in the face of a host of macroeconomic downsides.

When traders go through protracted struggles, it’s hard to see that downturns like this are just the nature of the markets. There have always been ups and downs and always will be.

Lots of people get frustrated and depressed and give up, but I’m pretty sure circumstances will change and the potential for great returns. It never differs. The market is going through a period of pain, but it is finally going up, and we wonder why so many stocks have been sold regardless of their individual merits.

So how do traders survive and thrive as they deal with these cycles causing such distress?

Learning about trade management and how to protect capital is crucial, but two things that will determine your level of success more than anything else: perseverance and a positive mindset.

Those who work day in and day out and remain optimistic that they will find good trades are the ones who will succeed.

To be a great trader, you must be very persistent, and you must cultivate positivity. Positive thinking doesn’t mean you are a foolish optimist. This means that you are confident that if you persevere and work at it, you will eventually reach positive results. I have no idea what the market will do in the coming weeks and months, but I am absolutely confident that opportunities to make big money will eventually develop, and I will take advantage of them.

It is important to recognize and embrace the fact that if the market is easy, it will not be profitable. You can get rich from trading only because it is hard and recognized intelligence and hard work. Luck will happen, but only if you are willing to hold it for a long period of time.

I often get very annoyed with traders drowning in misery and constantly complaining about how things will never get better. I suspect complaining and pessimism is their way of relieving the stress of tough times, but the problem is that a negative mindset deprives them of motivation and drive. It makes them less likely to keep paying when things are miserable and leaves them unprepared when circumstances change.

What keeps me going when the going gets tough is that I’m pretty sure the market will turn around and present us with some great opportunities again. I’ve been through many cycles over the years, and it’s great that the cycle is starting to improve and a new uptrend is developing. it will happen.

German Molly Shepard is a good model. Nobody stands between her and her bone, and she is always confident that someone else is coming. Perseverance and a positive mindset will get you through tough times and put you in a position to succeed in the long run.