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."

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

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