Quote from: mirakal on December 09, 2023, 10:24:07 PM

Quote from: Markiehillz on December 09, 2023, 06:46:18 PM

It's funny how people see trading as a Ponzi or get rich scheme. They end up losing there hard earned money in the chase for more money.
It's also so funny how some wants to learn a life changing skill in two weeks or a month, meanwhile they spend 4-5 years studying an obsolete course.
Trading like any profitable venture takes time, perseverance and consistently developing and sharpening your skill to be profitable.
In trading you'll fail a thousand times but it's your ability to pick yourself that differentiate you from the lot. Pay for knowledge to shorten your learning time,else you'll learn and you'll learn the hard way.
Develop yourself, pay for knowledge,give time to your craft,pick yourself up any time you fail.
The sky will be your starting point 🕊️❤️

Those who actually see trading as a get rich quick scheme are those people who don't really know what trading is. Because if they really do, they will never expect to get easy profits from trading but will work hard on it and become skillful and strategic at first before they can see real profits. Trading requires a lot of patience and perseverance, otherwise those traders will end up losing in the market because they consistently trade even if the market is against on their trades.

However, there are also responsible traders who really know the value of trading, and that trading will only be successful and profitable if they are aware how to deal with the market's volatility, and that they remain patient and calm when the market is not good to trade.

Get to believe that trading can be a get-rich-quick scheme and get to be losing regularly in it. The mindset of traders before they start trading and also as they trade matters to their success or failure. Traders should be neutral about it but do all that matters to make sure that they know how to trade effectively and make money without pressure. There is no need to rush about anything, traders have to be patient at all times, especially when they are looking for the best trading positions at any point in time. The patience goes a long way in making sure that the trader avoids so many mistakes and it's very good to trade with the amount of money that will not be attached to our emotions, needless to say, that would trigger it.

If traders are trading with a huge amount, there is no way it will not affect them mentally, but with a small amount, they might not view it as the means that will give them such desperate money to be rich, so they handle it with less feelings attached to it in this regard. Again, traders have to make sure that their trading system, management and plans are top-notch, if not, no matter what other plans you have in learning and trying to trade without emotion, they will all fail because such traders will be frustrated and will lose everything. This is why the right experience in trading must come first and everything must be put on hold if the trader is such that is still finding his path.