Quote from: Nheer on Today at 01:37:03 PM

Quote from: Sobz on August 14, 2024, 09:55:38 AM

Rushing trading as a newbie have been the main reason for lose of money, we always want to gain the profits even in the first trade.

Patience is the key to success in whatever we do and so it is in trading, without patience we will just end of losing money and taking un calculated risks. Lack of patience is very common with beginners because all they think of is making money and they eagerly looking for profits. Trading requires patience and also requires time to learn and understand it properly to reduce the chances of failure, having knowledge about trading doesn’t guarantee success because even experts experience loss too. Newbies need to learn to be patient and also eliminate greed in their tradings if they want to be successful in trading because it is a very risky business.

Exactly, patience is indeed one of the keys to success in anything as you said, but what always triggers problems that befall traders, especially beginners, is that they seem to ignore this important thing, they seem to be in a hurry when trading, maybe because they are impatient to get profit, even though it is clear that in trading the possibility of loss is also another thing that will remain involved in addition to the opportunity for profit.

Therefore, this is why we are really advised to know and understand what and how the activities we are facing are actually by using a rational mindset in assessing these activities, because that way you will know and realize that all decisions and actions must always be calculated and considered. And actually there are still quite a lot of things that must be prepared by a trader, especially beginners, not only about patience, strong intentions and determination related to the willingness to always learn must also be prepared, because after all, the profit in trading depends on how much knowledge you have.