Post
Topic
Board Trading Discussion
Re: Do Not Lose Everything Youve Gained in One day, or One Trade
by
Sanitough
on 25/10/2023, 19:47:27 UTC
You need to admit that, more profit comes with more risk. So if you demand for more profit from the market, then you have to also take more risk accordingly. If someone isn’t capable of this, then definitely no one can save him from getting into losses. I don’t believe that Day trading is hard. If a trader is capable enough to analyse the market correctly, then it doesn’t at all matter for him. For him everything is like a cake of piece and he does risk management perfectly.
Either you are in day trading or not, it's always crucial to manage its risk wisely. Because if you just keep on leveraging because your greed tells you to do so, then you will never be good enough in trading, even in investing as well. The reality is that everything in trading takes risk and everything requires appropriate decision making so you won't fail your trades. But if you focus more on the profits rather than on the right strategy to be used, then you will never be successful and profitable in trading. Yes, trading can be a piece of cake for others, but it could also be very hard and distressful for other traders who are not able to manage the risks accordingly.