Post
Topic
Board Trading Discussion
Re: Day trading or Long term
by
Alone055
on 18/09/2024, 19:33:13 UTC
Consistency in getting profits is the key, but back to the beginning because it is not easy then it will make people frustrated. Some people ignore the risk, they focus too much on the profit which ultimately makes many people fail in trading.

Most people get frustrated after experiencing losses in trading because of their unrealistic expectations which are built because of what they have heard from other people who misguided them or learners didn't focus or understand things properly. Most newbie investors expect that they will get a lot of profit from trading, and they also believe they will start getting profits immediately after starting which isn't how things work. They aren't told that there are a lot of things to learn before they get started, so they start making purchases right away and then incur losses.

It's a lack of knowledge and laziness for not doing enough research that makes people reach such endings. Ask yourself, would you be using your finances for something that you don't even know anything about? You wouldn't because you need to understand what you are getting into and how things work in the first place. I wonder how some people don't think this way.

Despite profits and losses initially, consistency with your activities is the key. When you learn and start as a beginner, there will be difficulties, but don't let them become your weakness.