Post
Topic
Board Trading Discussion
Re: Trading is not very easy; it took my friend a long time to understand.
by
lalabotax
on 05/12/2023, 14:56:46 UTC
I have been watching my friend very closely; he was very impatient with trading. And this impermanence keeps him at a loss most of the time, which is really very frustrating and sad for him.
Because he spends his entire salary on trading, which over time earns him (supposedly 0.001) cents.
  Not that he didn't know much about trading, but his elusiveness was the reason for his remoteness.
Trading is indeed very risky, especially if we have not yet chosen the ability to do that trading. In your friend's case there are several things we need to learn from:
1. Using your entire salary for trading is very dangerous because of the higher loss ratio. It would be better if you use a nominal value that suits your abilities.
2. Patience is key. If we are often impatient in trading then this can backfire for us to experience big losses because we cannot control our patience.
3. The important thing is also to prepare our skills and abilities in trading. When we are going to trade, make sure we have the skills first. So the point is that we have to be ready for all the risks.