I often hear of beginners Luck and i have equally experienced it. At the early times you seem to make a few stipend here and there and you get so over confident and feeling like a trading beast or a sniper, only to blow the account over and over again, frustration starts creeping in.
Beginners Luck occurs during the first few days, weeks or months of trading. Beginners are cautious and less greedy initially, they seem to be excited by a few stipend they get.
I am of the opinion that beginners should get less overconfident and try to understand the market and develop a trading system.
Beginners should equally know that loosing trades is still part of the win if you know the reason for the loss. Some one once said anyone who thinks trading is easy has just been trading for 5 minutes.
What's your opinion about this? What was your experience, have you ever had beginners Luck? Is it real or is it superstition?
Yes, beginner's luck is really something. It even happened to me when I first started trading. I began by learning very little, and all my demo trades went smoothly 😂 I was making a lot of profits, until I made my first deposit into a real account. After that, everything became blurry. I burned through 5 accounts within a span of 4 months (quietly) 🤣🤣. It was from that moment I decided to get proper training