I couldn't agree with this more, the most important aspect of trading is the psychology which lies behind. Due to you losses you'll most likely be trading very aggressively. Many people make the mistake of thinking that they can trade without any market research and learning different techniques to trade. I personally make maybe 3/4 trades per month and I trade only based upon news that I know will have an effect on the price of whichever asset im using. Be smart, do your research, don't chase trends.