Quote from: Dzwaafu11 on September 28, 2024, 06:58:55 AM

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.

Newbie traders think they have known everything, and they think they are qualified to be able to trade on their own. Some of them think seeing another person win will make them also get the same risk, and this is something different. Trading has a lot of risk that needs to be studied. Some of them failed to learn the basic knowledge of trading, although even professional traders lose, but the professional traders know how to manage risk and other things that will not cause them to lose too much money in their trading, which newbies did not know.

When a beginner thinks that they already know everything about trading well, of course they have made mistakes and as beginners in trading, of course they must be very careful in entering trades and it would be better if they had someone who already understands trading well who can accompany them when they first try trading.
Yes, you are right, in trading, of course there will be many risks that will be faced by anyone who does it and it is not uncommon for us to see those who already understand trading well still experience failure, but the failures they experience are certainly different from those experienced by beginners.