Quote from: Mpamaegbu on Today at 02:58:11 PM

Quote from: doctor877 on July 18, 2021, 10:21:05 PM

considering the fact that trading is highly profitable and responds majorly to knowledge and skills, this means its needs full attention and concentration consistently. i have noticed alot of new and upcoming trader gets carried away easily with little profits or loss. this makes many to quit or feel complascent. becoming a good trader is like going to a school, you do all necessary things consistently without any distraction untill you succeed. this is one of the things that i feel is needed to incorporate into trading learning process and lifestyle.

Well, beyond distraction and all that (they must surely come), the major thing needed to succeed in trading is "skill set". Why a lot of momentary winning traders fail is because they become over confident in their winnings and then neglect their trading plans. Trading is a profession and should be treated with utmost discipline and respect, with constant training and retraining the way doctors and engineers do. Twerking and realignment are vital aspects of winning when it comes to trading. Without which it will be almost like making a gambling on trades.

Spending much time in trading is not worth it if you still have limited knowledge so I believe, you must set your skills and strategies first before you do trading because this is not an easy buy and sell, it needs a lot of strategies and patience and don't expect that on your every trade, you'll make money because even a professional trader lose some of their money. The most important here is you achieve your goal at the end of the day, and there's always a next time if you lose your trade today, just be consistent and stay committed.