Post
Topic
Board Trading Discussion
Re: What every new trader should be focused on
by
irsykes
on 25/09/2021, 17:36:36 UTC
I see a lot of newbie traders complain about lack of trading capital. And I want you to know that you are focused on the wrong thing. Your attention should be on focused on the trading skills first before worrying about the capital. Trading capital is not the most important thing in trading. The most important thing is mastering the skills. No matter how big your trading capital is, if you lack the trading skill you won't book any profit and will most likely blow your account. On the other hand, if you have the skill set, you will be able to handle and grow any trading capital into something substantial.
Some people (but i'd say a lot), think if they use more capital they wiill gain more profit. Because they too confident about their trading strategy. Maybe capital for me is number 3 priority but i never think if more capital will be more profit. For me more capital means i have more chance and more possibility to minimize my losses because for me what is important thing is when i can get out from bad situation in market.