Quote from: abel1337 on June 17, 2024, 06:48:58 PM

Quote from: tottong on June 17, 2024, 06:12:12 PM

To control fear and minimize losses, someone must learn first before getting involved in it.
Thinking of trading by risking luck is a wrong practice because we never know the results.
Trading requires analysis, mastering a clear plan, having management, discipline and knowing how to control emotions, if we don't have this it will be difficult to minimize losses.

Those said are the requirements if we want to have a sustainable trades. If you have that skills and aspects, I believe that you can have a good win to lose ration on your trades, basically you can earn from trading consistently as you have the skills. The thing is those skills are harbored from the experiences and can't be obtained by a newbie trader.

That's why we have to consistently study it because everything can definitely be studied with much more serious abilities.
Skills will be gained when someone dares to trade directly and must also be accompanied by basic knowledge to understand trading.
Trading does not always promise profits, but we can take smaller risks by having the right knowledge.

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Yep, most successful traders started small first and has a bunch of fails but the difference between those successful traders and those failed ones is that the successful traders didn't stop even they are losing money and moral to learn to trade.

Mentality is needed for a level of consistency in trading even though in the beginning we often experience losses.
Successful people will continue to try to improve their skills and they will not stop before achieving success in trading.
People fail usually because they don't have the ability to persist and be consistent so they leave the trade without making anything.