Re: Beginners mentally about trading

I mean in their eyes its a guy looking at screens, at graphs, clicking something. Then waiting. Then another click maybe. Two more an hour later. Sounds easy enough for me lol. Kidding aside, probably possible? I mean skill is a pretty vague factor to describe especially in trading. In cases where some type of hype happens and a newbie happens to enter and buy in, it's easy profit! Personally I got zilch when I started. Heck, I bought high and sold low instead! Dips after a day scared the shit out of me and peaks after a few hours made me FOMO.

It is said that "it's easier to see when you are in flight", and that's the mentality newbies use in approaching trading as though it's simple as they have been seeing others embark on it. Sometimes when you listen to how these so-called trade experts talk about trading on YouTube and on the radio you will be convinced to believe that trading is just about jumping into the market buying low and sell high, very simple.

They omit the aspect of risk management, trading psychology TA and FA which should be what any newbie interested trader should spend as much time as necessary to learn about. Without a good level of knowledge it's very possible for newbies to trade wrongly and lose money just as you had yourself in the shoes Grin

One of the main reason on why they do get easily being hooked up with trading is on the moment or time that they've seen huge profits or gains that they've seen online and having those direct thoughts that trading could simply make them rich. Yes, its possible but we do know that this isnt a skill that you can be able to learn in a short period of time on which it is really just that right that you do really know on how to deal with it accordingly. Beginners mentality does have that lots of holes on which its normal due to lack of knowledge on which it will eventually leading into carelessness that leads into tons of mistakes or errors. On the time that they will be facing up some issues then this is the moment that they will really be trying out to make out some adjustments basing up on what they have learnt along the way.

Trading isnt simple and it does take up some time and engagement before you can be able to learn from it and experience along the way will really be the stepping stones for you to become a good trader. It does takes up some time and the duration will really be basing up on how fast you do able to catch up. Learning FA + TA will be that recommended on which sooner or later you will be able to get along with these stuffs because this is indeed the only way that you will be able to make yourself that survive this volatile market.