So lately I Dey see many post about the comparison if gambling and trading, our problem be say we nor wan learn we just wan earn , because we Dey see traders life style via social media , so we come picture trading as means to get rich quick not knowing “ is the hardest way to make easy money “.
I Dey talk base on experience when I start trading back then I nor bother to go deep in the learning aspect I just go for the basic knowledge, with the mindset of if the price come down I go buy if e go up I go sell after everything I end up regretting my actions after countless losses if nah say I calm down learn first I for nor go through those kind losses .
We just wan go the destination without knowing or experiencing the journey, all successful traders went through this stage you are in now before getting where dem Dey so , Dey pass through the journey .
So drop some mistakes wey you know shey people Dey make for trading well well if you get any .
One common mistake people make in trading is when they trade against the trend, most times they do this to hit a huge Profit but this is classified as gambling, there's no form of risk management involved in this. Trading involves taking strategic risks not careless ones. It's quite normal to have losses every now and then but when the be a constant occurrence it means that there's something you are doing wrong. Some beginner traders only care about making Profit without actually focusing on gaining knowledge first, you must learn before you earn that's how the financial market works.