Quote from: Dzwaafu11 on Today at 07:41:25 PM

Quote from: Ziskinberg on July 17, 2025, 08:42:16 PM

Whether you are being influenced the negative or positive way, most likely the outcome will still be not profitable at all. Trading should not be in a way of getting influenced, but it’s more likely of gaining personal interest because you certainly know how trading works and you have the potentials to trade. And not because you should be trading because others are making successful trades and are earning massively on it.

I have seen many traders that get influenced by what other traders are doing to start trading, and most of them go broke, and they are not even trading again because they don’t have the money to do that. Since then I realise that trading should not be because of influence; it should be a wish that someone wants to start his or her own trading. Because what I understand is that when you get influenced to start trading, you will definitely be looking for profit to live the same life as successful traders are doing, and as a beginner, chasing big profit will result in big loss.

I personally don't like that word "influence". Trading is not gambling, trading should be done with confidence and confidence comes from learning all you need to know before trading. Following people's influence will be an added advantage when you yourself are knowledgeable and can analyse facts by yourself. Apart from this, lots of mistakes that will lead to huge losses will be made. No trader should be that careless with his capital.