NEW TRADER SHOULD KNOW THIS

[AbrahMore]

Advice to new traders:

You’re not going to get rich quick

Don't hop from system to system

Have a planned exit for every trade

Limit your loss to a fraction of your capital

Your entry is only a small part of the equation

The early years are for learning, profits come later

 

[Akwin]

Advice to new traders:

You’re not going to get rich quick

Don't hop from system to system

Have a planned exit for every trade

Limit your loss to a fraction of your capital

Your entry is only a small part of the equation

The early years are for learning, profits come later

Your comment is highly valued, I think you are totally right about this, please let me add to what you provide that traders should be realistic about profit, stay stick to the plan, start small, and control their emotions whatever the results are. Best wishes.

 

[jerrymarvis]

Advice to new traders:

You’re not going to get rich quick

Don't hop from system to system

Have a planned exit for every trade

Limit your loss to a fraction of your capital

Your entry is only a small part of the equation

The early years are for learning, profits come later

Oh really it make some sense, but only few will listen