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 .
Greed makes a trader impatient. That’s why if you let greed becomes your drive in trading, you will lose the opportunity to trade only when there is right timing, thus missing another trading opportunity to gain profits. This is the reason why majority of traders lose a lot because they don’t trade with patience, but they often rush into trading while anticipating that the more fast and consistent they trade, the higher the profits will be.
This is not how potential trading takes place. Patience is essential, so trade one step at a time, and stop trading when there isn’t perfect timing to trade, otherwise losses awaited in the end.