Quote from: irhact on October 28, 2024, 07:00:23 PM

Quote from: justdimin on October 24, 2024, 06:58:06 PM

Obviously it was a mistake to even have that much of my capital in a single trade but I was a newbie so I made a mistake. That had a learning impact on me, I learned that I should not invest that much into a single trade and ever since then I never did more than 5% on a single trade.

You learnt from your mistake and you won't be making that mistake again but some individual never learn from their mistakes and they keep making it regularly. As a new trader, there are some mistakes they just have to happen as we don't have the experience before to prevent the mistakes from happening. I prefer making the mistake when I'm a new trader than making the mistake when I have advanced and now using more money to be trading. Beginners luck are a thing, it doesn't matter if you believe in it or not but it always happens and when you're not careful, you'll think you have gotten good at trading but that isn't the reality.

Its part of human instinct to have that kind of adaptation on whatever things that they are dealing into on which on the moment that they had experienced that and having those loses then they will
really be having those realizations that the thing they have done is wrong and on the next time they will really be doing it then they will be making out some adjustments.

Trading skill isnt something that you could really be that easily to get a hold with on which this will really be requiring up that patience and versatility not only on making up strategies but also
considering about that risks management which needs to be done in dealing up with trading with a volatile market. You will really be having those normal situations on which you will
be experiencing loses on which this is that inevitable.

First trade and turned out to be profitable will be giving out that kind of reaction that you do really thought that it is really just that simple or something that you can handle it easily or having no issues.
As you do go forward then you will definitely behaving that kind of experiences on which you hadnt expect for it to happen. You will really be shocked but eventually be
able to learn up along the way as this will be the route on which you will be taking and having no choice but to sustain it out.