Post
Topic
Board Trading Discussion
Re: My newbie trading experience
by
Mpamaegbu
on 07/12/2021, 12:17:03 UTC
I started trading with $200 and within a month I made $450 including my capital. Since then I suffered a loss and have recovered but need trading knowledge that will take me to the next level with high profits.
You started on a winning note but obviously got carried away by your little success and that led to your loss. This is often the mistake most traders make. They forget that it's never counted as profit until it's comfortably sitting in one's personal wallet or bank account. Anyway, you did well. I don't think you need all the new suggestions you're seeking here other than work on your emotion. Learn how to control your emotions while trading and don't be too excited when you're winning or scared while experiencing loses. Go back to the drawing board and find out what worked for you that enabled you make the wins you had the first time. Fine tune it, and grow from there. Apart from the capital to fund an account, the second important thing is control of one's emotion in relation to MM – Money Management.