A friend of mine embarked on trading without a proper mentorship and lost all his assets.
So I want to ask? What are the criteria’s to become a good trader?
So did your friend do futures trading? If not, then your friend must have started trading with some meme coin or shit coin. However, since your friend started trading without any experience, he should not have done so at all. He should have started trading with a very small amount of money in the first place. If your friend had started trading with a very small amount of money, then maybe your friend would not have lost much or even if he had lost, it would have been with a very small amount of money.
To become a good trader, it is very important to follow some strategies, one of which is that you cannot trade with emotion, you cannot be overly greedy on the trading platform, you have to be patient on the trading platform. And if you are new, you must use a small amount of money so that if you lose that money, you have no regrets, that is, according to the ability to lose. Also, to become a good trader, you have to learn to analyze the market. If you can analyze the market correctly, then it is certainly possible to become a good trader at some point.