When i started trading i didn't know about money management , risk to reward , psychology and many things
I was just putting money and watching that i would make profit after some days i made a huge loss and i knew after losing that i was gambling
now i am have learnt many things about trading and now making little profits
My last saying is never put your hard earned money in to market before learning , it will take lot of time and effort to make profits, 1st learn then earn don't c profits while learning
Indeed, learning must come first and newbies should not be more greedy earning instantly in this market. Learning the process can help you succeed on your trading journey, gambling might be too risky for a beginners so I don't encourage beginners to go on that level. Start small, trade small, and continue to learn no matter how much you earn everyday.
That is a typical mistake many people make, start trading without any knowledge of the market. It is very tricky when there is a bullmarket, because than the individual can even think, he / she is doin it right.
yes many people as soon as they put there money the next minute they will be expecting huge profit , people forget that learning is essential to make money
Easy money will be gone easily too, especially if there is no strong foundation. Most of them failed in the long run, and I hope they learn from that mistake. We should be more cautious when it comes to investing simply because you are putting the money you work for and I assume newbies can't afford to lose that money. Learning is the key to survive in the long run, and this market will not stop from pumping and dumping so we must learn from it.