Post
Topic
Board Trading Discussion
Re: Do Not Lose Everything Youve Gained in One day, or One Trade
by
beerlover
on 28/10/2023, 19:29:53 UTC
The risk remains and there could be some ways to lessen the risk but it's gonna stay there as you've said.
But unfortunately, many new traders seem to ignore this and it will actually increase the risks. Sometimes, they even ignore the risks because they feel very confident that they will get high profits from what they place when doing future trading. In fact, future trading will never be free from risk. And honestly, it is quite difficult to minimize risk, especially if we still don't really understand the various appropriate strategies when trading.
It's for them to experience that, if they're not going to notice the risk that they will take, it could pay them a lot.
Those that are not used to futures much better not to get involved on it. Or if they want to try, just do it as if you're gonna lose the money no matter what happens.
I do agree that a bit more "laissez faire" approach is not really bad for people to learn, if we keep on interrupting them and telling them what to do, they will not know why they are not doing something, they would be not doing it just because we told them to, and they would always have that "maybe it could work" mindset at the side of their brain. However, if we let them do whatever they want, then the yare going to test and learn why it's a bad idea themselves and that's an important learning opportunity for them.

I would say that the best thing about this would be just making sure that they are making a profit based on what they are approaching it like, and that is not a bad idea at all, it would give them a chance to learn. Learning all by yourself and gaining experience is the best way to make money, and I believe that if we are going to end up with something big about this, then we are going to end up with a result that should be very important in the end.