Post
Topic
Board Trading Discussion
Re: Don't trade because you have funds, trade when you have opportunity
by
Wexnident
on 22/12/2024, 13:06:54 UTC
This is my personal experience guys actually what I have done is I have deposited money in sites and started trading without emotional control just taking a trade without understanding direction. Most of the times markets are in consolidated state. In such phrase absolutely we end with losses. My suggestion is wait for a clear direction then only take trade it may take few days but gives good returns
That's simply not trading, that's just gambling then. Trading should always have some sense of direction or basis, you don't just buy an asset and wait for it to grow. You look for an asset that will grow in the timespan you think it would, buy it, then wait and sell once there is profit. That kind of mindset seems like you think of money = opportunity, which is mostly an idea beginner traders have imo. Doesn't mean that you losing means that you didn't do this. Losing money is pretty normal after all when it comes to trading

Still, realizing it is good. Pretty sure a lot of us have gone through the same, even I did really.