Post
Topic
Board Trading Discussion
Re: Common mistakes by unskilled traders
by
Vaculin
on 13/10/2023, 14:28:08 UTC
Remember trading requires not just strategy, but discipline
That's right, it requires discipline too and even you have a lot of capital for trading but you have no patience. It's likely that you're just going to waste all of the money that you have. And this also applies to the new traders that have just been trying out to trade. Because many of them hurries a lot and think that trading is an easy game that they'll make money without the need to be patient. But it's all about being patient and you have to have that as in, a lot of it.

Let’s just say patience is the best virtue in trading. Without patience, you can never timing the market when would be the best entry and the best exit in your trades. And while trading has its inevitable losses most especially for beginners, but that does not mean that we should start fearing the market, instead learn to be patient and never rush making decisions like newbies jumping into trading that they will surely regret in the future. Just trade when you’ve gained enough knowledge and skills, for you to limit your losses and maximize your profits.