Post
Topic
Board Trading Discussion
Re: Few Tips I learnt from trading that blew my account.
by
Finestream
on 06/04/2022, 08:55:39 UTC
(.....)
[1].Don't Chase the market:
There is always a next opportunity in the market,
If you miss this opportunity wait for next one.
(....)
I believe this is the common problem of traders that are starting, even me before I can admit this. The feeling of like you FOMOd and you insist on finding a good entry even you already know that it's already too late.

Not all the times you can open a trade, whether it's a short or long position.
Always remember that there are millions of opportunities ahead, capital preservation is the key.
If you are a newbie, there is always that feeling of eagerness to make more profits as much as you can even if you know the market is not at its best. It's like making a race over the market, and you know that you can't win over it. Patience is always the key. The market has its own best entry and best exit so you should always be aware when is the right timing. And to think that the market brought a lot of opportunities, you just have to patiently wait for it and seize it when its already in front of you.