I have shared a photo below if following this photo will benefit them. Although beginners get technical analysis right then they get lost in psychological. I think this psychological conundrum should always be kept in their head.
The first one (Control Emotions) and Manage Trade Risk is for sure the most relatable experience that most traders experience not even new traders but even those who have already been in the market for a long time, even me.
Other things in the picture are important also because if your goal is to become profitable trader, you must posses them all.
They seem too basic to follow but when we are trading using our hard-earned funds, they’re actually harder for us to execute. Controlling emotions alone has never been easier since majority of the traders are greedy for quick profits, most particularly for newbies who have never gained trading experiences in the market. Traders often lose because they fail to control their emotions, and until they won’t be able to manage high emotions, success in trading will be far to achieve.