Have you asked yourself why are you trading. Because there a lot people who are just trading but they do not know why they are trading or they just trading to earn $1 or $2 and they are done for the day. There are many people who have become successful because trading but they were trading like trading is their only job which they doing. They traded with all their powers because they knew trading is having good profit to reach them far. Are you trading like those pro traders or are you trading normally just to earn couple bucks and you are done for the day. I start to trade in November last year and I ended up blaming myself for being late to learn trading after I see myself that trading is profitable to anyone who will decide to understand it. It does not matter how hard it is, but if you wanna know it you will learn it for your benefits.
There are many things that we can learn about trading and they will help to boost our trading knowledge and at the end we will earn money that we never thought we can earn. I have not yet earn a large profit from trading, but i remember one day i was trading "swing trading" and i was lucky to catch the price point in the right time and i earned a profit of $172 in that one day. That was my first large profit and it proves to me that we can do trading and earn so much money but if we will learn basics of trading and if we will be active traders. From there i was just earning normal profits though sometimes i lost also, but luckily i have never lost a large amount of more than $50. That friend of me who taught me trading he told me i must have my buying limits and selling limits for everyday that i will need to trade. That will help me to avoid loss because i will be able to control my capital and i will not be greedy. Because if you are a trader and you are greedy or you do not control your trading discipline you will lose all your money very quick and then you will blame yourself later when you know your problem.
I want to advice you few things if you want to become a good trader. There are things that you must avoid or apart from that you will be losing your money more than earning profit.
Don't be greedy
Avoid panic selling/buying
Have trading discipline
Learn new skills every day
Join trading groups for experts
Have limits in every your trading
Don't be greedy.
Greedy traders are not earn good profit in their trades because they are not satisfied with their previous profit. A greedy trader can earn $50 as profit and will need to double that profit to $100 then in the end he lost all of it. So we must not be greedy because it will make us to stay away from our profits.
Avoid panic selling/buying
Panic sellers and panic buyers have a very big percent to miss profits in the markets because they always trade without any skills and they trade with a lot of fear. They do not know to read the markets and that is why they trade with a panic situation which can cause them a very large loss. We should learn to read the markets for a good trading with full of confidence.
Have trading discipline
Trading discipline is one of the most important thing as a trader must be careful of. Even at our homes, without discipline we will be punished by our parent every time so we should be very careful with our decisions in trading because without using discipline we can select the wrong trade and we will lost.
Learn new skills every day
Without learning nothing you will do to earn profit in trading, because no matter how you will try but you will keep losing your money. It does not matter if you already have knowledge for trading or not, but it is good to keep learning new skills because things are changing everyday.
Join trading groups for experts
There are many trading groups that that can help us if we have any problems in trading, there are such groups in facebook, telegram and whatsapp. The good thing about those groups is because many of them we can join for free without any fee and start getting support quick.
Have limits in every of your trading
This is the most part and that is why i have put it the last. You must have limits in every of your tradings because without limit you may trade with all your money and even borrow extra money and trade again after you finish all your money! If you have $1000 you can put your trading limit $200 because if you will not have trading limit you may trade with all your money and in just few clicks you can remain with $0.
If you will follow what i have teach you today, you will become a very good trader and your profit will grow. I promise!
Thank you so much my friends.