Quote from: Ishicryptic on Today at 11:33:54 AM

Quote from: GreatArkansas on May 31, 2025, 11:38:37 AM

For me, profit is the main motivation for most traders. It's not the only key to long-term success. The often overlooked but crucial factor is risk management (this is very important), without this, even the most skilled trader can lose everything.
Managing losses wisely ensures you survive long enough to enjoy the gains.

Profit is the motivating factor in trading, it is a job and it is risky, without monetary gains I don't think that many people will trade, it is not like gambling that people can engage in for fun. I don't think that risk management is overlooked by experienced traders, every one of them must know how important it is to minimize loses, any long term trader that doesn't understand risk management is a bad trader, it must not be overlooked. The lesson should be for newbies who are too excited to make huge profits in no time, if they don't learn or they overlook risk management strategies like stop lose, they can extinguish their funds in a very short time.

Yep, newbies mostly don't think about the long-term perspectives of their bags thinking in a short timeframes, resulting in losses and why not..
And those who fell for such thoughts and mindset are fast to learn up and think differently, because their profit depends on it.