Post
Topic
Board Trading Discussion
Re: Common mistakes by unskilled traders
by
Lanatsa
on 14/10/2023, 19:30:37 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

Seeing 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 are 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 more disciplined and very well-planned. Unfortunately, there are people who after a series of losses 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.
Everyone starts on being a noob and it is really that understandable that on this time we are really that prone to lots of mistakes which is normal and come to think that even to those professionals or veterans are ones newbies too but on the time that they had gained out sufficient knowledge and experience then this is the time that they do really been able to handle out themselves on becoming better basing up on the things that they had encountered on which this is really just that a normal phase. The wrong thing on here is that on the time that you do experience losses and mistakes but you do keep on repeating on the same mistakes then there's something wrong about you because its impossible that you wont really be making out any adjustments on the time you do already encounter such things.

Skills isnt something that you could really be able to gain overnight and this would really be involving tons of time and effort before you could really be able to acquired such thing and always bare in mind that
never ever make yourself that put up in a rush because this is where errors and mistakes do usually happen or occur.This is why take it slow and really that mindful about on the actions
that you are making or doing and not really just hurriedly making decisions which arent that supposed to be done or making yourself that desperate which is a no go.