Without a doubt, there is a leaning curve in trading. For some the learning curve will be steep (difficult), and for others it will be shallow (easy / easier).
Whatever the case may be, in trading, we all have to deal with some “stuff”…
“Stuff” like:
- Strategy hopping
- Risking too much
- Not respecting stops
- Taking profits too soon
- Doubting yourself
- Blaming others / the market
- FOMO (fear of missing out)
… plus all the other things we deal with as traders.
Whatever you are going to deal with or are currently dealing with, it’s all part of the learning curve… and in my opinion, it’s just a part of trading that we all have to face. Our job is to make sure we survive the learning curve.
How do we survive?
By risking as little as possible when we start out. It makes absolutely no sense to take on huge amounts of risk if we have no experience whatsoever.
Risking small allows you to make mistakes and learn while preserving your capital… it keeps you in the game… it gives you a fighting chance.
Finally:
Try to avoid thinking short term… about the money you want to make today, tomorrow or next week. Concentrate on building the skills to make you a successful trader for life instead… this will help to keep your risk in check.
Thanks so much for reading, hope you and your loved ones are well and safe.
Thanks and Regards,
Trading SOS SOS