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WHY YOU MIGHT FAIL AS AN ASPIRING FUTURES/PREPS TRADER.
First of all this is a very big topic and trying to fit it into one content might be hard so I'd try to focus on the basics.
Now there are several reasons/factors that could contribute to your failure as a new trader which goes beyond just the skill.
1. Your mentality= how you see trading [as a get rich quick scheme or a long term skill] this is the first step that ruins a lot of new traders as they view trading from a flawed perspective thinking they can get rich in a month or two, a mentality like this would turn you to gambler and not an actual trader.
2. Your emotions = trading would test your emotions beyond what you can imagine and if you can't learn how to control it, it would consume you.
3. Chasing every pump and dump
4. Learning without direction a large percentage of newbies suffer from this as they try to learn everything at the same time, joggling 2 to 4 strategies at the same time without mastering anyone.
5. Over trading , taking 5 to 10+ trades daily without a clear plan or direction.
6. Not sticking to proper risk management
7. Trading without an actual plan .
There are more factors that could contribute to the failure of a new trader but I had to mention a few which are very common and among beginners .
Stay tuned as I'd be putting out more trading contents + a continuation of this.
Thank you for reading
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