Do we have anybody that has made success through trading, come and clear my doubt. I know that we have long term investors that are still hodling with huge profit.
I have known few people who have been into trading and made success through it but yet they always say that trading is very risky and that anyone who wants to trade should use an amount they can afford to lose while trading and these two people that I have known to be successful traders told me that there are times they also lose a lot of money but they have someone through telegram who sends them signals and out of six signals they get in a day, they can succeed with about 4 of the signals most times and lose with 2 signas. These two guys have achieved and acquired some assets through trading and they even tried putting me through on how trading works but I declined because I don't like involving myself in high risk form of making money and am someone that can't control my emotions if I incur losses so I just rejected their offer because I don't want anything that will trouble my mental health.
You did the right thing Understanding your psychology first is the lead way, everyone has different levels of risk assessment such that doing more yours and become very problematic, it can be very devastating, depressing and probably suicidal, it is best for any one to understand his or her risks level and stay within it, that is the only way you can make an informed decisions in achieving certain goals, taken risk can be but not exceeding above your limit. Trading can be very complex even to the experienced ones let alone a beginner. But that as it may if it is any one choice then so be it but you be should be much aware of how risky it can be.