A small price of advice to new traders, kindly Understand if u are ready to work hard then u are welcome.
so Let's understand how trading can break u or make u ⬇️
RN In the market, there are many so-called traders who appear to have become wealthy through trading, but in reality, they are making money from other sources. New traders often fall into this trap, expecting too much from the market, and they begin trading.
Afterward, they decided to quit their jobs or professions with the hope of making substantial profits through trading. However, after a short time, these novice traders realized that they had incurred significant losses.
At present, they find themselves with nothing – lost money, lost jobs, lost precious time, and even lost their mental health. Let me share a Example with you which was my journey
When I was in college, I began my journey with airdrops, which involved receiving free money by completing various tasks. Then, I came across few crypto airdrop that gave me a substantial amount, roughly $10-20. This was a significant sum for me in 2017.
So I ventured into the world of crypto airdrops. I was doing well and earning a decent income, which covered my pocket money. During my airdrop journey, I managed to save a significant amount. I also heard about trading, where I could potentially grow my money quickly
So I've started trading, but unfortunately, I lost my savings. To try and recover my losses, I started participating in airdrops in hopes of accumulating some funds. However, this cycle of trying to recover my losses through airdrops has resulted in me losing money repeatedly
then I realized that I need to learn , so I began my learning journey. After my initial learning, I earned a small amount of money through trading, which boosted my confidence. I firmly believe that learning is the key to success, so I delved deeper into the world of trading.
so The real challenge began when I realized that trading is all about game of psychology ,still I initially faced significant losses but soon learned the importance of risk management and developed my own strategy, which I still use today. However, I continued to experience loss
At one point, overconfidence led me to trade with my friend's money, resulting in a 50% loss. It wasn't until I listened to interviews with successful traders turned investors that I realized I was making the same mistakes. I took their advice to heart, learned from my errors.
I have gradually learned over time, but I've never asked my parents for money or used their hard-earned money for trading. Coming from a middle-class family, I understand the value of hard-earned money, so I've been using whatever I earn from airdrops for trading.
However, after putting in a significant amount of effort and learning, I began to make income from trading. During 3rd yr of my B. Tech, I made the decision to continue trading as a part-time pursuit in my life.
I Chose not to leave my hometown and my parents to pursue IT jobs in cities like Bangalore or Hyderabad, even though I performed well academically. This decision remained unchanged after completing my B. Tech in Computer Science. During this phase, I feel bored
So I'm exploring job opportunities onsite in my hometown or fully remote positions globally to spend some time, but during this I have learnt so many things by paying huge fees as a loss to the market but I never stopped learning , As I reflect on my journey through my journal.
I can see a substantial difference in how I initially approached analysis and how I do it now. Over time, I've evolved both personally and in my execution process. Whenever I encountered losses or challenges, I took a step back to thoroughly analyze why they occurred
Turning each setback into a valuable learning experience. I'm grateful to God for guiding me on this path of growth and self-improvement.
The moral , trading Looks like easy but in reality, it's a complex endeavor. You'll grasp this gradually. So, here's some advice: Learn it & if possible, seek a mentor's guidance. However, be cautious because there are many scammers in the market, so choose your mentor wisely.
So that's it. I hope you have learned something from my experience and journey. If it has provided value, please don't forget to hit the like, do comment, and follow buttons to help it reach more people, which is greatly appreciated.
