But most importantly, know that you can lose in trading. Use low amount of money until you are confident of yourself. A month of winning is not enough to be confident that you can be winning in trading but at least a year of winning.
A year of winning consistently requires a lot of effort for every trader to reach that point. Applying proper risk management is a key to success in trading. Losses are part of trading and it’s better you don’t chase them but only embrace them and learn from them in order to be more careful when taking another trade. A successful trader always has a story to tell and a recap of the losses he had encountered before reaching that stage. It is not easy and it differs from every trader how long it takes to become successful. The trading market is very volatile and only the string stays and perfect their trading skills here.
Yeah, that is true. Trading is not something you just wake up and start winning at consistently, it takes time, effort, and a lot of patience. For me for the little phases I have been in this game, and one thing i have come to understand is that losses are part of the journey. I do not chase them anymore. I just take the lessons, adjust, and move forward with more caution.
Risk management has really helped me grow. I don’t over leverage or jump in blindly like I used to. Now I move with a target in mind and stick to it, no matter the ups and downs. The market is volatile, yes, but it’s those who stay disciplined and keep learning that actually make it.
Everyone story is different, but at the end of the day, it is the consistency and mindset that separates real traders from the rest.