The goal of you and me trading is to make a profit. This profit is not just a short-term profit, but we all want to get a profit that can be sustainable, aka consistent profit.
So if for example you can profit 50% in one month, but the following months you tend to lose, then this is not a consistent profit. You can make quick and big profits, but not consistently. Therefore, I don't get tired of sharing with traders, especially novice traders: If you get a jackpot, you don't immediately feel good, the best trader can continue to profit.
Because the jackpot you get, you can't necessarily get it consistently in the following months, the following years. Focus on analysis is key in trading. On the other hand, excessive euphoria can potentially destroy your trading business.
Traders often focus on getting big profits. This is not wrong. But you should focus more on finding trading methods that can make you consistent profits, not just big profits. Because as I wrote before, that big profit does not guarantee you to get a consistent profit.
Getting consistent profits in stocks, means that you must be able to understand how to choose the right stock for you.
Even if your profit is not too big but if you can get it consistently, then consistent profit actually shows that you:
- Already have calm and good psychology in trading
- Already know how to choose stocks
- Already have their own trading pattern (doesn't depend on analysts, brokers and others2)
- Already able to read market movements
Meanwhile, if you can get big profits but are not consistent, then that means you still need to deepen how to read market movements, practice trading skills, find trading methods that are suitable for you.
Those of you who really want to get big profits from stocks, actually you don't need to think about how to get big and fast profits, because this will actually make you unable to concentrate on technical analysis, which is a major part of trading.
Yes, basically stock trading just flows, and you have to stay focused on trading analysis. No matter how much profit you get, it doesn't really matter, whether the profit is jumbo or small. You also don't need to think about or set a target for how long you should be able to get consistent profits. Then you ask again: "Brother, what if we get a big profit and are consistent at the same time. Is it possible?" Can. But the first thing you have to get is not a big profit, but a consistent profit. That means you have to know what trading patterns are suitable for you, you have to be able to read the market movements, you have to be able to manage your psychology correctly.
Because in fact, if you can get a small but consistent profit, over time your art of trading will definitely develop, both in terms of skill and capital, so that you can develop this small profit later into a bigger and consistent profit.