Post
Topic
Board Trading Discussion
Re: Traders paradise
by
wxa7115
on 04/05/2022, 19:20:28 UTC
some strategies work for someone, but for others, it won't. he may have secrets, but it is on your own accord how you will uncover those secrets. don't rely on someone to get those tricks. in time, you will understand why you can't disclose to others because there are other factors that you need to consider and it may really not be applicable to others. hard to tell it to others as they may blame you if it doesn't work on your case. better discover things on your own because once you acquired it, no one can steal it from you.

Exactly, based on my experienced. It is really important to know your category in entering this game whether you are planning to do it full-time or just as a side hustle. When you then realized your purpose you sure are gonna be losing amounts in the first few months or even a year of your trading experience as a beginner. In that stage, it is important that you experiment with different techniques that will fit your personality. Experimenting different ideas is far better than just listening to somebody's way of doing things that might not actually work for you and will just be the main reason that you will burn your asset.
To this I will add that it is very important to keep detailed records about what you are doing, our memories are not perfect and when you are testing different strategies it is easy to forget the details about why you made a particular trade.

So you need to keep records of the market conditions at the time, the strategy that you were using and your thoughts when you entered the trade, during the trade and when you closed your trade, that way in the future when you are making a fair assessment of the trades you made in the past you can understand clearly what you were doing at the time and correct your mistakes if necessary.