Quote from: nelson4lov on October 18, 2024, 10:43:11 PM

Quote from: Lightmanalmani on October 08, 2024, 11:30:42 AM

~Snipped

What's your opinion about this? What was your experience, have you ever had beginners Luck? Is it real or is it superstition?

It's not superstition. I have had the opportunity to experience beginners luck myself and I believe everyone gets that illusion early in their trading career. You initially starts off well and make some profit but the market takes much more than it gives you simply because beginners have little to no experience with either trade management or risk management. It's the only skill when you learn by doing and if you don't experience those early losses cause by beginners luck, you will never learn.

Most definitely you are right, it is real and I have experienced it, I blew the profit and capital shortly after I made it.
It can be demoralising though bit the solution is to invest in knowledge even if initially you seem to be making a few profits hear and there.

If the beginner doesn't invest in knowledge, he might get frustrated on his first loss, because he doesn't really know the reason behind his losses.