Hello traders!
I am new here in this forum I don't have more knowledge about tradings, but I think maybe someday if I will given a chance to do trading I think I should try it. So I always read articles about tradings and also I read threads here in our forum about trading discussion. However I would like to ask all traders here that have more experiences about trading if what was the common problems that encountered of an ordinary traders? And what was the common mistakes had you ever experienced and how could you manage this problem and mistakes?
Can you share your thoughts and experiences about tradings.
Thank you in advance.
panic, lack of patience, greed and sometimes, foolishness. The market itself is really volatile which most of the time plays with the minds of those who are trading. Due to these that I've mentioned, they are making mistakes that oftenly results to loss of profit. They are being eaten by desire of earning bigger without criticizing the behavior of the market carefully.
What the main is the state of some being impatient and soon will result to overthinking and panic. I, on my early stage trading really experienced that kind of feeling or been on the situation where i thought giving up will be the best option to do so but its not. I keep telling myself that its normal, everything is normal and will be on a better situation. Positive minds will result to positive outcomes with help of time.
Answer on this question is very complicated, because people are complicated. Panic, lack of patience, greediness are just some of the psychological problems we are facing in trading. It has different projection on every person, to talk more about this problems we need to know a lot more informations. In this things everything is on individual level, there are so many factors that affect final answer for each person. In the end of all things positive mind is what push us trough the day, on any job, don`t think about quitting, practice makes perfection, even when you are doing everything wrong it`s not a end of the world, it`s a learning process, and that process can be painful in so many ways. Keep it simple, keep it positive and like that you can be better every next day.