Quote from: LogitechMouse on Today at 08:47:52 AM

Quote from: Brandon855 on June 26, 2025, 01:28:55 PM

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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.
"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. Cheesy

When im still a noob then i have passed through this one on which i have been thinking that its impossible that all of the trades that you have done on which that there's isnt one to become profitable on which this kind of belief did cause up that huge amount of money because i have been that rushing up on making decisions on investing or trading into something and since I dont like on getting left behind then you would be thinking about on executing multiple trades and just wanting to catch up everything even though you havent been able to put up some analysis into it then this is where issues do really start. We do know that having that trades on higher quantity is useless if those doesnt have quality in the first place. It would be always be beaten up by those trades on which you have applied in depth analysis or simply the quality of trade is much more better rather than on having tons but all of those are just that trying out to catch a good one.

Although there's no assurance that even with those quality trades on which you cant be able to tell that it is a good one on which we know that this market is that very random and speculative. There's no way that we can be able to predict on whats ahead. On the moment that you would be able to obtain experience then you would be able to make out such realizations. For me when i have been started up on trading then i have those thoughts that it was just that easy skills to be learnt of on which you would be that be able to handle yourself at the time you do make up trades but you would be able to realize that it will be the opposite. There are just that those conditions on which that would be opening up your eyes on whats the truth in behind to deal up with this volatile space. You would be needing to be versatile as much as possible and be able to adjust accordingly on various conditions or situations.