Post
Topic
Board Trading Discussion
Re: Why do many people fail in trade?
by
khiholangkang
on 29/03/2024, 07:47:44 UTC
Don't give up quickly in trading, there are many mistakes that you have to take lessons from, walk slowly and with principles in trading with risk management that you can control and not overdo it so that you can take advantage for yourself.

Focus, be consistent, learn from your mistakes and think that building an empire takes time.
The biggest mistake people make is not understanding trading patterns so they carry out these activities only relying on ordinary knowledge. In principle, there are risks that need to be considered and management must also be involved in trading. When someone has management, controlling emotions will be much easier and this must be accompanied by knowledge.

Everyone has made mistakes and what makes us more experienced is learning from these mistakes. It takes time and perseverance to achieve success and don't forget to also have knowledge about it. Every mistake becomes a lesson for us to correct and it will get better when we are serious about learning it.

What are your additions to understanding the learning time for someone who is learning to trade? I think sharing here will benefit those who may be close to giving up in this field.
Patience, managing finances appropriately, studying risk and management, while technical matters are common as most people say. They can increase their knowledge and skills to become accustomed to dealing with the risk of loss and how to recover these losses in the next trade.
And the most difficult to control is emotional control, this will affect everything that has been planned both in time, finances and others if the mentality becomes bad it will be very difficult to be in the market, it will interfere with the development of traders and their principles when in the market, and to build a strong mentality it is not just one or two times trading, must do hundreds maybe we can't even count them in trading and learning to be calm in the process in order to remain able to control emotions or mentally when dealing with the market.

Thanks for the addition, that's a pretty important point that needs to be added and congratulations on practicing what is written in this thread is not easy to do, the edge with perseverance and consistency can definitely get what we want, successful traders.