Post
Topic
Board Trading Discussion
Re: Beginners Luck in trading real or superstition
by
Huppercase
on 27/10/2024, 18:58:59 UTC
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.

This happens to everyone but you just have to be there at the right time I think. For you to have luck, you must be at the right time when you don't even know things of such is going to happen. I have for once set up a trade, it was actually sell short on futures with some few dollars, I was just scalping and then I open the last one before I went to sleep and something just woke me up and I check my phone and I saw the market was down, I had 235% ttat night, 6 times bigger than what I do have from trading.

This is not the first time, there are couple of time I have experience this and anytime I make this profit, I immediately stopped trading, that's what some newbies don't understand. They get over excited and open more new positions on their trading and they don't know that sometimes trading is more about luck and it doesn't repeat all the time.