Quote from: Gaza13 on Today at 03:15:27 AM

Quote from: I_Anime on July 29, 2025, 08:46:58 PM

Having a technical skill is vital in trading ngl . But one of the thing that matter the most is one mindset , having the right mindset means having the right approach to trading, given one edge in trading because most traders usually come into trading with the mindset of wanting to speed up things or taken it for get rich schemes and stuff while knowing that trading one does not need to invest only their money but their time also , because one have to take his time to understand how trading works before going into it fully .

That's a common beginner mistake envying the trading success of others and achieving significant results, prompting them to try their luck. I agree with you, it's their learning process that allows them to achieve their goals. Without knowledge and the learning process, it will be extremely difficult to succeed in the trading world. Yes, experience and the right mindset are two key elements that complement each other in trading. They not only look at their trading results, but also the process and lessons learned from each trade, and of course, they evaluate what went wrong with their strategy and how to improve it in the future.

Perhaps more accurately, the beginner's mistake isn't envy, but rather the fact that beginners trade by copying others. Furthermore, beginners want to emulate others' success in trading without going through the proper process, as in your last sentence. This is certainly a flawed trading mindset, because other people's trading strategies will not be the same as yours, especially since their trading goals are also different. If you have this mindset, you're trading without direction, simply following others, and with minimal knowledge, this will clearly make you a poor trader.

To become a good trader, we must have a goal in mind, and achieving that goal requires a process and considerable time. To become a good trader, you must understand that trading will reveal every weakness in a trader's character, and success as a good trader truly lies in how you strive to overcome these weaknesses. Therefore, weaknesses in trading can only be assessed within yourself.