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Pet/animal adoption is the process of taking responsibility for a animal/pet, Psychologically, caring for a companion animal can provide a sense of purpose and fulfillment as well as lessen feelings of loneliness and isolation in all age groups. Simply put, pets aren't just good friends; they're also good medicine and can improve a person's well-being in many ways.
~ But, what is the cons of adopting more than one?
You have to provide more stuff. Each pet needs its own litter box plus at least one extra one for the group. Each pet needs its own food bowl and should have its own water bowl as well. Often the animals have to be fed separately to prevent fights and prevent one from eating more than their share. Veterinary care is not provided on a group rate, and it will be considerably more expensive to ensure proper medical care for each animal.
?) Have you get what I want you to understand? ...No? alright let me clarify ...
Basically in trading and when we start trading and learn how to buy and sell we're actually going through that progress of "Adaptation", The Idea here is as I mention when you adopt a Pet you have to provide more stuff in order to keep it healthy and safe, the same thing happen when you want to learn how to short or going long, in order to go Long you are automatically feeding your bull and the bulls in the other farms, and in order to reach to your goal you need to provide some stuff to keep your bull healthy and safe so it can takes you to the highest level without getting tired;
~ I'll write down what kind of "stuff" you can provide to your trading bull/bear to keep it healthy in few seconds.. (isn't going to be food for sure!)
Some traders (most of the times they're beginners, but not necessary) start looking for all the possible ways to make money from the market, and one of these ways 'which is our subject for today' is: Trading in Both sides, meaning going Long and Short.
The problem which this type of trading style is it's require a lot of work because basically going "Long Requirements" is 100% different from going "Short Requirements" and a lot of traders doesn't aware of this;
~ Let's talk about you: is your trading style allow you to open Long and Short trades? if No you can skip this part and jump to the (Summary), if Yes, keep reading:
Having trading style that allow you to open trades in both sides isn't easy and isn't the same thing as you may think, going Short is totally different from going Long and it has a unique requirements, strategies, patterns, way of thinking, If you're bullish traders and you want to start trading short, you need to learn more plus requirements such as:
The Average Bears volume in a Day
The Sensitive bearish levels of a Stock/Currency pairs
The times of Bearish momentum Intraday
The Bearish Patterns/Candlesticks
The Properties of Oversold/Undervalued zones
That's as a basic , of course there's more stuff Like (Analyzing the Negative movements) which is totally different way of analyzing from positive which trader need to learn and practice on.
So, as trader has 70% of his/her deals in positive side (meaning going Long most of the time) you're actually doing the effort of practice and understand and explore more of that's specific market direction, but in the other hand, and because of the low % of deals that are bearish you decreasing the possibility of understanding and developing that specific market direction in your mind, and this at the end will lead you to not have full % of understand any market direction because you basically thinking everywhere!.
the solution isn't complicated, and you've already done 50% of it without knowing, ask yourself:
what is the direction that you feel comfortable the most at? (Bullish or Bearish)
what's the direction that you have the most wining at? (Bullish or Bearish)
what's the patterns that saved the most in your mind? (Bullish or Bearish patterns)
what your eyes loved to see the most? (Bullish movements or Bearish movements)
what color do you like? (Green or Red)
what market do you trade? (Stocks or Forex or Commodities or Crypto)
You can make longer list and ask you more questions in order to figure out what is the best direction for you and what animal fits your personality and your trading style/strategy/system.
Focusing in one particular direction is so much easier then two, and this can make you better trader by understanding the powerful aspect of your style and by trading the same direction over and over you eyes will get used to see the possibility of wining and losing the future trades by analyzing the historical date that saved in your mind from the previous trades. So it's all connected together.
of course there's traders whom like to trade in both sides and they can find success most of the time but that comes after years of understanding the market and developing their strategies, so it's not impossible to do both sides, but it's not SAVE for those whom doesn't afford the time to practice/learn/try/fail/re-practice/re-learn/re-try/re-fail to unlimited number of times. so why you don't just keep it simple and instead of giving 50% of your focus and effort to both directions, Give it all to one particular market direction, and this will make a huge difference in your performance.
πββοΈ Written by: @itsFiras β 12/6/2020 - 11:16 AM
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