Quote from: Adbitco on Today at 03:12:32 AM

Quote from: Silberman on September 23, 2024, 08:27:01 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. I know the ultimate goal for every trader is to make profit in trading but since newbies are not very familiar with trading it is better not to rush it because taking your time to learn trading will help in reducing lose due to lack of understanding. It is better to go slow with trading and be consistent as beginner than to be very fast. Rushing trading is not very bad though, with the interest to learn fast can also make new traders to know what they want about trading but it will cause so much lose of money. For the fact that trading is very risky especially for those who are new in it, it is better not to rush into it. Take your time to learn even if it will cause you to be slow, it will help to reduce loses as a beginner. When loses are not much for a beginner it is a good experience for trading as a beginner.

It is completely understandable that traders want to win every single trade but this is not possible, instead you should look at your results after a hundred of trades and if you obtain profits then it does not matter how many times you lost as you earned more money anyway, however gaining this kind of perspective takes time and most newbie traders are unable to think on this way, and this causes them to suffer loses they could have avoided easily if they did.

We should always have this mentality as a trader that trading is a profit and lost business we do even though there seems to be a form of regular profits we should always think that one day lose can likely happened and we can't avoid it when it coming.

Now how does it come? Good!
It comes when a trader is proving to know it all or wanting to apply professionalism in their trades then it would automatically turn against them causing a severe loss and even to what they didn't expect of them could likely happened because they aren't cautious of their trades.

Yeah, when a trader start being too comfortable then chances that he might made a mistake and start losing his money, it's best to take time and not to rush anything always anticipate and make sure to have a alternative plans in case things ain't working according to how you anticipate things having good plans and managing both time and finances will help to keep you in-line with how trading works, and same with how most traders do just have that patience inside you then you may take good care of how you adopt and adjust with each situation that you need to face while inside the trade.