Quote from: Huppercase on Today at 06:58:59 PM

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

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.

Luck is something that cant be able to determine on when it would gonna happen in a certain individual This is why we do have that so called beginners luck on the moment that newbies will really be that dealing into something that they've been starting into and it turns out that they had made out some money or simply being successful on their first try, but actually it is really just that all being coincidence on which you would really be needing out to still learn things along the way because sooner or later when reality do slap into your face then you will be able to realize that you do need up to learn something more and that current knowledge you do have isnt something enough that will drive you into being successful. On the moment that we do start up on doing trading then those common impressions will really be just that too common on which you would really be having thoughts that it is really just that simple basing up on what you are seeing into other people. On the moment that you would really be testing or making out things for yourself then you would be able to immediately tell or realize that it was never been easy and those early profits you had made is really just that a pure chance for it to happen. There were moments such as this and thats why its really that very wrong that you will be making yourself that being confident just because you do make profits in your first try.