Post
Topic
Board Trading Discussion
Re: Traders who never bother to learn how to trade
by
Capt00
on 08/11/2019, 11:56:48 UTC
Yes, I understand the message you want to send to the community. but I have many friends, have great trading knowledge but the psychology is not stable. he trades like gambling and keeps losing money when his mind is out of control.
It is the biggest problem that makes many new traders lose. This is also an additional message.
Its just shows that if you want to be a trader you have to be prepared mentally and emotionally.

Gaining knowledge is not enough if you cant set aside your emotion when you trade because you cant apply everything you learn if your emotions dictate you on what to do when you trade.

Trading is not easy especially if you are greedy to earn. Take it slowly and have your own plan and understanding and dont rely to signals or in the analysis of other traders.

Trading does not only require knowledge but a trader should also be prepared emotionally because your knowledge will be useless if you let your emotions do the decisions. If you got to be very emotional in trading tendency is that you make mistakes, your strategies begin to fail because your mind is to focus on your emotions. Trading is not as easy as what most people think so one should be ready mentally and emotionally.