Post
Topic
Board Trading Discussion
Re: Beginners Luck in trading real or superstition
by
cocadalcan
on 10/11/2024, 16:19:50 UTC
Beginners luck is real but I think it can only be possible when the beginner have little experience in the system by having a little bit knowledge of what to do at the right time and when trade is favourable. However, bignner luck may also be dangerous sometime to the begineer because it can give the begineer overconfidence which may result to losing all he has gained including his capital.

If a beginner, after he gets a profit thanks to luck, continues to trade, sooner or later he will lose not only the profit he received, but also the money that he originally had. Therefore, you should not rely solely on luck, it is necessary for a beginner to gain knowledge so that his trade becomes profitable.

Yea yea buttresses my point actually, the beginner shouldn't be so excited about a few profit made, he or she should be patient in mastering the chart to still remain in the system.
It is natural for a beginner to be excited if this is his first consideration in getting extra money. I mean he might be motivated to establish himself as suitable for further investment. You have to be patient when losing money and it can happen in business.