Not having the right psychological mindset is going to set you back as you want to become a trader some individual fail to see trading as a serious business that need lots of attention. Some individual see trading as gambling and they just make their bet on trades then hope that it is going to give them profits. Majority of the traders are in loses as they think they don't need to learn how to trade before they can begin. Day trading can work for some traders but it won't work for everybody as not everybody can be mentally strong to trade again without emotions after losing the previous day. Long term trading is a little bit like investment therefore this has to favour more individuals to make profits.
Yeah and that's not a small numbers of people who take trading in same way they are treating gambling, thinking that by luck they'll be able to manifest and earn decently.
Without doing your DYOR and taking time to learn deeper it would be a hard journey to you, there are instances that you will mistaknely anticipate the outcome but if you use that experienced a learning steps , you'll be able to adopt and sooner or later you'll be able to decide whether to take a certain asset for short term trade or for long term trade,.
That is a mistake that we often hear and find in trading, how people think that trading is easy, even without knowledge they can do it. It may be true that without knowledge we can trade, but if it is like that, what is the difference with gambling? Well, let's not trade by relying only on luck because if it is like that, it is better to gamble. In trading, a profit can be obtained if we have knowledge and added with experience.
We must straighten out our mindset from the start, don't let it affect us in doing something. Maybe for people who are already in this room will definitely understand this, but this is intended for beginners who have just entered the trading room, of course this is also a reminder for us, especially for me.