Quote from: Assface16678 on November 27, 2023, 11:56:01 PM

Quote from: KingsDen on November 27, 2023, 04:05:24 PM

Quote from: sotelorene on November 22, 2023, 08:31:06 PM

Most people think life is a bed of roses, is all about sunshine, enjoyment etc not knowing that there's always a tough time and the ability of one to overcome this time makes him great. Tough time is the point through which poor and successful people emerges depending on the choices and decision they take.
Most traders and investors are inpatient they only think of the positive side of it ( making profit) not knowing there will always be a loss someday, well most of them know but when they make losses they became frustrated and unstable, some will give up because of that little experience. Sometimes we make losses and we have bad experience like we offend God but no, we are only been tested. Some of the spirit of a trader or invest is "I can make it mindset, resilience...

I read through what you feel that everyone has to know about trading. Your post is in line and understandable. But with respect to your post title, I feel that what you need to know about trading is that TRADING IS NOT FOR EVERYONE.

YES, you read it clear. If you lose and keep losing, quit trading and find some other things to do. Trading is more than profits and losses, it takes patience and emotion to survive in the trading market. If you have tried trading for sometimes and no matter how careful you applied your strategy, you still don't succeed. Please consider to quit trading.

I think it's not good to advise them to quit trading. Yes, maybe they quite lose some money or amount, and maybe they are suffering from it, but maybe because they keep on losing in trading, it's because they lack something, and what is it? maybe knowledge and experience, maybe they didn't have enough knowledge earn in trading and if they do, they still need to deepen their knowledge to concure every situation in the market. experience. We have a saying that experience is the best lesson, so maybe there will be a point where they can become successful in trading. God has a plan; not everyone can become a successful earner in trading. Maybe what we can consider to advise to quit trading are those who don't want growth in their skills, are content with the little knowledge they have, and keep complaining about why they can't earn in trading.

must remember some people just don't have the aptitude and talent for trading because they are so emotionally involved in every decision, if you say that they can learn from their losses, well they certainly can, but we'll see whether they will be making profit first before they burn their entire saving or even they burn their entire saving they still not learned a thing because as I say some people are making decision based on emotion alone not thinking by logic which highly required in trading, imagine some people just getting fomo'd investing their money into a coin that has already reached peak, the future for them is losing because other people are already trying to find position to dump their investment into oblivion yet they just started to invest.
Sometime its better to stop if we kept losing and not improving, I personally have profited quite the amount of money from trading but I know that I couldn't always profit and its mentally exhausting therefore I decided to just stop trading altogether and focus on investing.