Quote from: Zigabel on November 12, 2023, 07:16:04 AM

Quote from: promise444c5 on August 30, 2023, 10:34:31 AM

There are no experience mate Grin

you lose as a beginner to become a stronger trader

so for everyone out there thinking of QUITTING QUITTING is not the option here just keep learning till you can say "Gone are those days " Grin

No doubts, as it's very true that you don't turn out the best trader in just one day, rather it's a gradual process where you continually learn. Even when you turn out profitable you still keep learning as learning never stops you only keep knowing more and becoming better at it.

Quitting because of initial failure is actually not a good idea because others who persist and didn't quit will definitely get bigger someday and you would wish you had continued, it is very normal with trading that you will definitely become successful some day only if you stay consistent and keep improving on your trading skills, continuous study and practice gets you to the point bof optimal profitability and becoming the best in the game, the mistakes helps you get even better because you learn from them.

depends on whether the first failure that we are talking about gonna be draining us out of our wealth, as a beginner trader sometime just outright put out all their money into their first trading, they literally one bad decision away from bankruptcy and definitely couldn't go on continuing their trading career with no money and their "experience" gained from 1 bad decision.
but overall indeed people will get better from learning their mistake, sometime learning from book doesn't really give the impression to them so experiencing loss would teach them a lesson.
but we should know that even if we are experienced trader that has incurred loss, doesn't guarantee that we will have smooth sailing trading in the future, market is ever changing variable that gonna confuse the hell out of many people trying to profit off some small margin, or you can say, daily traders.