Re: What's the Most Delusional Belief You Held When You First Started Trading?
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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?
I don't know if this is considered as "idiotic", or "delusional", but this is one of the beliefs that I held for quite some time.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?
"THE MORE TRADES, THE BETTER"
I really thought at that time that if you will make around 10-20 trades per day, your chances of making money would increase as well. Sure, there's a chance, but that would cause you a big headache, and at some point, you will make unnecessary and some stupid decisions along the way. Since you want to make at least 10 trades per day, you will make forced trades which will cause you to lose money because there hasn't any strategy involved on that trade. I made 10-20 trades per day (scalping) for around 2-3 weeks, and in those 2-3 weeks, I end up losing more money mostly because of trading fees.
As for what OP has shared, copying other trader's trades is a double-edged sword because like most traders, they're losing money as well... at least in the short term. If you want to copy-trade, you should think of long-term. At least that's what I observed since I've tried copy-trading as well.
