1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

Bad habits of beginner traders.

Discussion in 'Beginners Bootcamp' started by Jeff Martinez, Oct 27, 2017.

  1. RachelEB

    RachelEB Private, 1st Class

    Joined:
    Feb 9, 2019
    Messages:
    36
    Likes Received:
    12
    Have you looked into mindset, emotions in trading at all? Covered any education around it?
     
  2. KristenLove

    KristenLove Recruit

    Joined:
    Feb 1, 2019
    Messages:
    12
    Likes Received:
    2
    You just need to deeply realize that it doesn't help you! If you fail, it only gives you opportunity to grow so it;s good. Hope you'll find your way to overcome the problem!
    Let your trading be profitable and fun!

    Best!
     
  3. ExpertAsianTrader

    Joined:
    Dec 9, 2018
    Messages:
    15
    Likes Received:
    1
    I think the first mistake or maybe misunderstanding is most beginner thought it is easy to make huge money in trading.
     
  4. kingsman

    kingsman Corporal

    Joined:
    Sep 3, 2015
    Messages:
    162
    Likes Received:
    8
    I will add one more thing in this point. There are more and more companies emerging who claim to generate lots of profit and manage your funds. They market forex in such a way that it looks very easy to make thousands of dollars every day while it is not possible at all for a experienced trader as well.
     
  5. ExpertAsianTrader

    Joined:
    Dec 9, 2018
    Messages:
    15
    Likes Received:
    1
    Yup, I agree your point. That's how HYIP works back to about 20 years ago and it still works today. Human born nature to be greed, that's why it still works I believe.
     
  6. bigdolly

    bigdolly Sergeant Major

    Joined:
    Oct 21, 2013
    Messages:
    773
    Likes Received:
    51
    Yes there is steady inflow of young and inexperienced persons who want to get rich quickly and all you need to get them in is to offer 100% monthly interest. They don't need proofs they simply want to buy a dream, they don't want to believe in harsh reality where profits from investment are low and long to earn.
     
    RachelEB likes this.
  7. OksanaChyzh

    OksanaChyzh Recruit

    Joined:
    Feb 5, 2019
    Messages:
    10
    Likes Received:
    4
    Not yet. But I surely will! Do you have any suggestions where to start? or maybe you have read some materials on the topic?
     
    RachelEB likes this.
  8. RachelEB

    RachelEB Private, 1st Class

    Joined:
    Feb 9, 2019
    Messages:
    36
    Likes Received:
    12
    There is soooooo much available out there! and for Free.
    Working on mindset was a key step forward for me personally.

    Mark Douglas is a good place to start I think, he has two books The Disciplined Trader and Trading in the Zone. There is also is a four part video series on Youtube which is worth a watch too, the first part is here
     
  9. DaveT

    DaveT Private, 1st Class

    Joined:
    Feb 8, 2019
    Messages:
    46
    Likes Received:
    7
    Trading in the Zone is a great read and totally free if I recall
     
    RachelEB likes this.
  10. RachelEB

    RachelEB Private, 1st Class

    Joined:
    Feb 9, 2019
    Messages:
    36
    Likes Received:
    12
    Yea, i believe so. My go to for mindset, as a starting point especially.
     

Share This Page