Quote from: Kelward on Today at 02:16:53 PM

Quote from: tottong on Today at 03:19:39 AM

I agree with one thing where there is no need to rush to make money the easy way as most people talk about because even though trading provides such opportunities, many people actually get into worse conditions.
The fact is that people are trapped in the idea of making a lot of money in trading and they ignore the risks that occur and in the end they fail in trading.

Making risk management in trading is indeed difficult and maybe people will also have difficulty maintaining the appropriate portion for the trades they are running so that forcing it will give a much greater risk.
Good points you share but difficult to implement for beginners who are too eager to make money quickly in trading.

Greed is a major factor that makes people to lose in trading, they're always in a haste to make profit, in the end majority of them will lose their funds. People are looking for fast ways to make money and they will think that trading is a shortcut to their aims, they will enter with confidence and without experience they will lose all their funds very fast. I thank OP for listing out his strategic plans to reduce trading loses and I agree with his points, it shows his level of experience. To summarize his strategies I'd say that every trader needs to remove the mentality of get rich quick in trading, better to trade with small amounts to minimize big loses.

When someone trades with greed, of course they no longer analyze market conditions which will be decided based on their desires and not the trading knowledge they have and when someone thinks that they can make easy profits in trading, of course they have misunderstood trading and they only realize it when they have experienced losses while trading.

By trading with a small capital, of course the losses we will get are also small and most importantly I think when trading we must be able to understand it well and do not do it with greed that causes someone to miss the profits that have been obtained and the mistake of everyone who is new to trading, they think they can get rich easily, of course this is very wrong, every trader must go through various learning processes until they can succeed and for some people who do not have patience when learning trading, of course they will choose to leave trading and will never do it again.