Post
Topic
Board Trading Discussion
Re: Common mistakes by unskilled traders
by
goinmerry
on 14/10/2023, 18:41:07 UTC
Many newbie and crypto enthusiastic think trading is easy until they lose on the first day, 1 week,1month, 1year and they finally quit.
Remember trading requires not just strategy, but discipline

It's just common to see newbies having traits that are not appropriate for trading. Of course, they are newbies.

If these newbies were able to earn a good amount on their early traders, expect them to have a mindset that trading is easy, bearable, not that difficult to learn, not that challenging, easy money, quick profits, and their mind will only fill with positive thoughts even it's unrealistic.

As they lose, especially on a losing streak, if these traders is really eager to continue their trading career, they will now understand that something is wrong and their approach will now be changed into something much disciplined and very well-planned. Unfortunately, there are people who after a series of losing in trades, will decide to quit and give up.

Experience always starts at losing that's why it's better for me to see newbies having a tough run while they progress.