gotta admit the fact that new traders always face some difficulties on the market, and actually all of us were "new traders" back in the times. as for the risk management which you have mentioned, i can agree with you and indubitably, new traders always neglect the rules of risk management and hence they have to practice a lot and learn lots of new information DAILY! it may seem quite boring, but if the rookie wants to acquire new knowledge and experience in trading and of course be successful in this activity, then he has to devote bunch of times to the development of his personal skills. At least I comply with such a strategy.
I totally agree! Time management is crucial when trading! Make sure to have a plan for every day and know exactly how much time you are devoting to trading.
Read this https://www.goodreads.com/book/show/1170470.The_Disciplined_Trader Know it like the back of your hand Don’t be afraid to lose Don’t be afraid to scale the $hit out of your edge once you find it Good luck kid
You are a young person with an intelligent mind. You can easily learn and develop technical skills required. I’d suggest you get hold of your emotional health first. There are many good books that you can prefer. Meditation can be a real advantage.
Practice, practice and practice. Understand the market without having appropriate knowledge and skills or else you might get lost.
Have a good hold on the fundamentals of the market. Understanding the depth of the market is as crucial as it is to a diver to understand the depth of the ocean before diving.
I totally agree! Having a good understanding about the fundamentals of the market helps traders to know the reason for the behaviour of the market in certain ways at certain times.
You can refer to the belows steps for starting out: Understand the fundamentals of the market movements in detail Get technical knowledge Always remember to protect your capital first and then think about making profits