Quote from: Traderbtcc on October 21, 2023, 05:07:19 PM

A lot of new traders don't learn the basics before starting, but it's important to learn and stick to a trading strategy. Learning comes before earning. Many traders struggle due to mistakes like not having a plan, not using stop losses, and lacking risk management. Overtrading and trading out of revenge are common mistakes too. Remember to take breaks and stay disciplined. Trading is a psychological game!

You're right. A lot of them just want to start trading and make profits without learning the basics. This accounts for the unnecessary losses. If they do not take break and re-strategize , they will keep making same costly mistakes over and over again. It takes commitment and discipline to trade effectively.