Quote from: Capt00 on November 08, 2019, 11:56:48 AM

Quote from: lienfaye on November 05, 2019, 01:40:31 PM

Quote from: rose9696 on November 05, 2019, 01:27:11 PM

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.

People tend to go for jobs or activities that require less mental activity and more of physical because in this way you stay relaxed and avoid stress. Trading especially short term or day trading is mind sucking and it keeps nagging traders because of which people often make wrong decisions ultimately facing losses. I am not involved into this awful mess rather I like keeping things simple so long term is great.