Newbie's Corner - Trader's Queries!

NSE:NIFTY   Nifty 50 Index
Query : I have started trading with small capital and lost that within a week. After that I started to learn trading myself. After learning for months, I traded and lost the capital in few months. What to do?
Answer : Trading is a profession and also a business. Any profession needs proper education & training. And any business needs proper planning, knowledge and experience. Self learning is good. Nobody will forget the lesson when they face lose. But the question is how many lessons a person learn by losing money? Since the risk in trading is more, newbie's get in to the grip of fear and greed.
Self learning takes more time as we have to test everything we learnt by trading. It also cost more as each mistake will be punished by a loss. Nobody will realize the money they loss, but if a person keep track of their loss, then they will know how fast they lose money.
The main problem is newbie's dont know what mistakes they are doing and how to correct it. Guidance from an experienced trader will help to overcome it.
Comment: Cost of self learning!
Join me in telegram to learn & earn. I also post my trades there.
best way fa self learning is tradind and testing with extremely low capital...where we dun trade fa profits or to face losses but learn only.....that how we can develop a strategy free from fear anf greed
very good explanation
vanathi arunrajnpy
@arunrajnpy, Thank you.
Well said.
vanathi DebjitRaha
@DebjitRaha, Yesterday I was talking to a family friend who experienced this after getting retirement money and posted it.
DebjitRaha vanathi
@vanathi, main problem, as you have mentioned "fear and greed" :)
vanathi DebjitRaha
@DebjitRaha, It needs experience to handle "fear and greed". Most of the time these emotions play big role when a trader trade with out trading plan.
DebjitRaha vanathi
@vanathi, I agree, trading shows us who we are.
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