Re: Some essential trading rules beginners!

7. Always invest the money that you can effort to lose!

You must mean afford.

All in all, these are great points to remember. These reminders and warnings have been discussed her many times though. I hope they have helped a lot of traders. Take note, however, that it is always easier said than done. For example, the most common advice is that be objective rather than subjective or emotional in your trades. The problem is that the objective assessment could be both erroneous and uncertain. And secondly, emotions are really hard to turn off, believe me.

thanks fixed it! Yup agree with you it's not easy to turn off your emotions which means trading is not an easy job at all. Anyway traders must follow teach themselves how to control over the feelings or do another job.

Guys, it does not matter. I think we have all understood what is meant here. Being a beginner in trading, you need to be 100% sure that even if you lose in this business, you will have at least one-two other reliable income sources bringing you profits constantly. Trading cannot become a single job for a newbie.

Not really sure if newbies tried to understand this or they are just eaten by their emotional greed and low thinking. For us who experience already losses in trading, it gives us a lesson to learn and quitting isn't a solution but rather to take another try. Trading is not all about the money that we can afford to lose cause we're not aiming for that in the first place. And thinking for that will only give us a hint that we surely lose any time soon and could put negatives in our mind.