Let's be brutally honest for a minute. Before we learned about risk management and realistic expectations (usually by losing a painful amount of money), we were all a little bit insane.
We all had that one beautifully stupid belief that we thought was our ticket to a Lambo.
Maybe you thought you'd found the "one weird trick" indicator that was never wrong. Maybe you believed you could turn $100 into $100,000 in a month, easy. Or my personal favorite: thinking you could just copy some influencer's trades without any of the risk.
So, let's air it out. What was the most idiotic, unhinged, completely delusional thing you truly believed about trading when you were a rookie?
So at the time that i have in mind on the first days on becoming a trader not only on crypto space but also when i have started on forex.
1. Making $10k per month on having just that $100 capital.
2. Could be able to make that money with just few trades.
3. Setting out Technical indicators with ease and be able to read it up easily and place trades.
4. Could read up on the market direction without having any effort
5. Learning up the skill in just that 7 days and consider out myself as a professional.
and lastly.. becoming that rich in no time...
Whenever you do see those gains or those individuals who do made out some good amount of PNL's online, then you would be having normally that kind of boost up. You will be having those thoughts that
If those people could be able to do so then why cant you? Due to that kind of urge then you would be starting out to make up some engagement just because you do want to justify into the things that you do have in mind and trying out to deal up with the market. On the time that you had stepped your foot into this space then gradually you would be able to realize that it was never been that easy on the first place. Those delusional approach that you do have earlier you would replaced by something those realizations and would be opening up your eyes that it was never been that simple in the first place. There are those conditions or times that you would be needing up to look out and if you do want to survive into this market then it will be basing up into the actions that you would be gonna taking on which of course it will be reflecting out on how deep is your knowledge into this space.