Post
Topic
Board Trading Discussion
Re: Day trading
by
jkoil
on 18/10/2022, 02:44:23 UTC

Even trading professionals fail and have losses in trading. The volatility of the market is unpredictable and not all analysis is accurate. We can't always rely on professionals because no one could predict the prices accurately with consistently. Applying the basics during confusion would be better than seeking for expert's opinion, especially during this bearish season.
If the knowledge is not enough to engage in trading, then you should not even start, because it will always end in a loss of money. If you listen to someone's advice, or use some kind of forecast, it will lead to the same result. Therefore, if you still want to trade, then you need to completely rely only on yourself. It will be difficult at first, but only in this way will you be able to understand this matter thoroughly and determine working strategies for yourself.
Newbies are always trying to find shortcuts believing they will find a way to earn money without acquiring any knowledge about the markets, and they could not be more wrong about this, there are no shortcuts, trading is a very difficult subject and if they are not willing to learn then they need to say away from it, but they refuse to do so because of their greed, and that is when disaster strikes them, since it does not matter what they may try it is almost impossible to earn any money when they are completely ignorant about how the markets really work.
Realization comes after a bad experience like losing their capital for being greedy and incapable. That is why I let these newbies believe what they think about trading, doing shortcuts, and joining signal groups...because in this way they will see the difference between having full knowledge in trading versus when we are jumping on trading with empty knowledge just because someone pretending to help them. Could be unfortunate but still, a lot of newbies are doing this.
I think if the newbies follow the signal groups that are there for trading, then they should take ideas from there. But if you want to trade, you have to accept that you have to go through many problems. Sometimes you will gain and sometimes you will lose.  Accept and trade.