⭐ Merited by JayJuanGee (1)
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Also know that most traders are losing. They need to understand what trading actually and how to make money with it. Most traders failed to understand how to make money from trading is when they risk less.
I only understood this part when I already lost hundreds of dollars already. Learnings really is very expensive sometimes, eh? Also know that most traders are losing. They need to understand what trading actually and how to make money with it. Most traders failed to understand how to make money from trading is when they risk less.
Speaking of "risk less", after the consecutive losses that happened to me, I already decided to lower the capital significantly (to around 100$ at first, to now around 10$ currently). Yes, it's a huge decline in capital, but I would rather settle to lower profits and learn from my trades than spending more only to lose it in the future. At the same time, I will not feel anything at all just in case that amount will lose. As for "90% of traders losing 90% of their capital in 90 days", I already lost more than that amount in less than 90 days.
Risk less, be prepared, control your emotions, and what most of the traders are saying is "TP when Happy". It's easy to say TBH, but it's hard to implement sometimes. Making money in trading really is very hard that's why if you're constantly losing like me, try to lower your capital.