Post
Topic
Board Trading Discussion
Re: Few Tips I learnt from trading that blew my account.
by
teosanru
on 02/04/2022, 19:22:23 UTC
These are few challenges faced when I newly got into trading, which I think I should share so people who are new traders should know.


[4].Don't outsmart the market :
market does whatever thing it wants to do, so don't be too smart wait for confirmation.


This is actually very important to understand and is often misunderstood, people should understand that market knows everything and it has discounted everything, you should never be like my analysis is 100% correct it's just a small deviation we will be back on track soon, these sort of things are what actually lead to your failure in the market. Think of market as a giver and be the taker by obeying the rules, the moment you want to outsmart the master you are tricked into losses. The biggest example of such a thing is holding onto a losing trade which is clearly visible as bad. People think that there analysis was right market will retrace for sure but forget the fact that market is what is always right if you hit your SL just get out of the trade.