October 4, 2017

What is the worst that can happen to a new trader?

"The worst thing that can happen to a new trader is for his/her first trade to be hugely profitable."
Explanation:

If you make losses initially, you will sometime or the other (hopefully) analyse why you are in loss. But if you are in a huge profit in the first trade, the feeling is this happened because I am a genius. There is no further motivation to learn why you made a huge profit.

According to me, all events (profit or loss) are purely random and have no correlation with your intelligence.

Refer my post on Correlation between intelligence and trading

No comments:

Post a Comment