Re: your worst mistake

I think my worst mistake is try to become a day trader. I have many winning trading, but for 1-2 fail trade with over leverage, all my funds gone. It's really hard to comeback from that mistake and i have been stressful many days. Undecided

This is understandable as day trading is the hardest way to make money in the markets especially if you are using leverage and the market turns against you, I just hope that you have learned your lesson, if just one or two trades are enough to wipe out your capital then the risk that you were taking was too high, in my opinion if your capital cannot resist 20 losses in a row there is no point in becoming a trader as sooner or later you will lose all your money.

Trading is not for everyone and we have to understand this.

And if we can see that we are consistently losing, this means that this is not the right place for us. Some people may say quitting is just like giving up, maybe it was but there no sense at all if we saw that the results are still the same. We don't want to lose our hard work money and so there is no reason why we should have to force ourselves knowing that there is no chance.

I agree with this, in this day and age many people think that everyone can do everything and this is simply not true, there are some people that simply do not have what it is necessary to become a good trader and if they recognize this then there is nothing wrong with leaving the market and use their time more productively, however I think that many people that do in fact have what it is necessary to become good traders squander their talents by their desire to get profits in an extremely quick manner.