Quote from: Pandorak on Today at 03:53:05 PM

Personally, i cannot blame those who prefer to stop trying to succeed in trading, because everyone's psychology is different. However, as far as i understand, every failure has a cause, there are mistakes we make that trigger that failure, and what we must learn is how to fix those flaws. After that, it might be best to start by improving your mindset first. Don't use a gambling mindset in trading (wanting to get rich quick), as this is wrong. In practice, traders like to use maximum leverage when trading futures or full margin when trading forex, and this is what triggers the destruction of our capital. On the other hand, knowledge of technical analysis is no less important, so that we know whether the setup we have created will fail or not, and we can evaluate the important factors.

One should take utmost caution in any matter related to money. If someone loses in trading, he should definitely stop. Despite losing continuously and keep trading is completely foolish. One should take responsibility for one's own money. If someone loses money, he has to recover that money by earn. So I am not in favor of losing money either. But one should know about trading before losing.

Many people connect trading with gambling, but in reality, there is no similarity accept luck. One is directly based on luck, the other is somewhat dependent on analysis, knowledge and luck. Trading is also compared to gambling when someone starts trading without acquiring proper knowledge.