New Here

Discussion in 'General Trading Discussion' started by Andris, Feb 2, 2019.

  1. Andris

    Andris Member

    Joined:
    Feb 2019
    Posts:
    21
    Likes Received:
    0
    You can call me Andris, and am glad to be here. I look forward to learning from you great minds and of course adding something too to the vast knowledge here.
    Very quickly, why do people easily give up in the market?
     
  2. Duong

    Duong Active Member

    Joined:
    Feb 2019
    Posts:
    40
    Likes Received:
    0
    Welcome Andris, never knew there was a section for introducing yourself. And to answer your question; people do most of the time when things are not going well persistently.
     
  3. longtermbull

    longtermbull Administrator Staff Member

    Joined:
    Nov 2016
    Posts:
    1,459
    Likes Received:
    20
    Hi @Andris

    Welcome to the forum :)

    People tend to give up very quickly where they have unrealistic expectations. They have seen their friends make money and it looks easy. Successful investment takes time, it doesnt happen overnight. You also need to have a long term strategy carefully thought out before you start.
     
  4. Duong

    Duong Active Member

    Joined:
    Feb 2019
    Posts:
    40
    Likes Received:
    0
    This is true, people quickly forget that what works for one person doesn't work for another person. The sooner you realize that the better for you.
     
  5. Yordan

    Yordan Member

    Joined:
    Feb 2019
    Posts:
    21
    Likes Received:
    0
    Exactly, you can't mimic people always. Sometimes you just have to create your own plan for others to follow or learn from.
     
  6. Duong

    Duong Active Member

    Joined:
    Feb 2019
    Posts:
    40
    Likes Received:
    0
    It's true you can't mimic people, but you can definitely learn from them and use the help to improve your trade. I am the kind of trader that adapts to any market condition. Thankfully, I use Forexchief broker where scalping, hedging and news trading is allowed. So I can switch to anything the market throws at me.
     
    Last edited: Feb 16, 2019
  7. gowiththeflow

    gowiththeflow Senior Investor

    Joined:
    Jul 2017
    Posts:
    852
    Likes Received:
    8
    In my view the day you stop learning is the day you might as well pack it all in :)
     
  8. Yordan

    Yordan Member

    Joined:
    Feb 2019
    Posts:
    21
    Likes Received:
    0
    It's obvious that we can't stop learning no matter the level we have attained in the market. One reason for this is that the market is dynamic and therefore requires you be swift too.
     
  9. Duong

    Duong Active Member

    Joined:
    Feb 2019
    Posts:
    40
    Likes Received:
    0
    I agree, it's almost like new things come out every seconds in the market. Almost like we don't have a choice but to be swift with the market.
     
  10. Chartman

    Chartman Senior Investor

    Joined:
    Sep 2017
    Posts:
    550
    Likes Received:
    8
    The market has a habit of biting back against those who think they know best :)
     

Share This Page