Quote from: Dzwaafu11 on Today at 04:24:17 PM

Quote from: AicecreaME on October 27, 2023, 08:36:12 AM

the losses is the most case scenario for newbie traders, trading randomly because of their frustration hoping to make profits without any plan at all.

It’s funny sometimes when a newbie who is still supposed to learn decides to trade. Because of this, most people lose money repeatedly without gaining anything, and they don’t realise that they are the ones messing up with their funds, thinking that that is how it works and they will get profit as time goes on, which is not the case. We all know losing is something natural in trading because as far as we will trade, we must lose money. Therefore, to minimize these risks, we need to learn every aspect that will prevent us from losing too much.

However, newbies start getting frustrated because they don’t have the knowledge to think that there is something lucky like gambling, so they start chasing their losses, which will result in more losses because they will be unable to control their emotions anytime they want to trade. This is one of the most important things a trader needs to be aware of.

Pretty sure that each one of us did really pass out on this kind of situation on which you are really that having those moments or times that you do make yourself greedy just because on the time that you make money or profits on trading then you would really be having those thoughts that this thing is really just that easy on which this would really be the primary thing that would come up into your mind
and on the time that you do make profits and then you do decide to continue then pretty sure you would really be that continuing no matter what because you do already have those kind of thoughts
on which you would really be continuing until you do bust up.

We know that mistakes and errors are common and this is something that like a stepping stone for us to have to make ourselves way more better. Im not saying that its necessarily to pass up with these kind of challenges but somewhat it is really that inevitable which it is why it is really that better that you do really be able to adapt accordingly and trying out to lessen those risks overtime.
Learning would really be coming up with our mistake on which it is really that a common approach that you would really be that to adjust accordingly.