Quote from: Gladitorcomeback on June 04, 2024, 05:08:03 PM

Quote from: Zanab247 on June 03, 2024, 03:59:34 PM

If you want to achieve your goal in the industry, you need to exercise patience in your trading because the market price can change at anytime for you not to trade to avoid losses, which are some of the wrong decision that is making people to loss their money.

Wrong decisions are indeed the first step to failure in this industry. Not only in this industry but in any financial market, a person needs to make their decisions after thinking them through and not being in a hurry because you can't make important financial decisions without thinking about them first. Even if someone has to make a quick decision sometimes, they need to know and understand what they are going to do and what the consequences of their decisions can be.

Patience plays a key role when a person is into day trading because your patience will be tested on a lot of occasions by the market. There will be times when you are not supposed to make trades but the market will try and trap you, and if you are not patient enough, you will fall for it.

Making decision is something that you would really be needing for you to move forward or really just that basically means that you would really be needing to take risks if you are really that having the plans on improving yourself in terms of finances. Some could really be able to bare up with the risks but there are people who are really that afraid on taking up that further steps because they dont really like on losing money or simply doesnt really like to commit mistakes but well its their choices that made up into their own lives.