7 Tweets 1 reads Dec 20, 2024
Trading is not what you think it to be.
If you see a lavish lifestyle as a successful trader, your approach is wrong and you are bound to fail.
Anyone wanting to trade must first be prepared for the stress and unpredictability.
You need to understand that 🧵👇 x.com
It takes money to make money. Trading requires capital and starting with just a few thousand and expecting to take out your expenses is unrealistic.
The biggest mistake people make is thinking they can “figure it out” as they go. Every lesson in trading costs money, and most of the time the loss becomes unbearable which throws most of the participants out of the market.
We retail traders are competing against machines. By the time you see an opportunity, an HFT system has already executed dozens of trades based on that same information.
No strategy works all the time and even experienced traders face losses at times.
When trading is your only source of income, the pressure can lead to impulsive decisions and mistakes.
Trading is a skill that takes years to master, it’s not a shortcut to financial freedom. If you are passionate only then choose to trade.
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