After 25 years in this business I'm still learning. Market cycles usually take 12 years to complete. Do not believe anyone that says they are a successful trader till they have traded through that 12 year period and survived ALL market conditions. If you can do this then and only then your a professional. We are all just one trade away from blowing our account. Remeber: ANYTHING can happen !!! That means even IF you use a stop and have discipline of steel, nothing says the instrument (even an Index) can't stop trading and Gap down or Up and wipe you out.
Put it this way: the best way to learn how to trade is not necessarily the one that loses the least amount of money.
considering i know absolutely nothing about anything.....my approach is less about looking what to do right and more about aboslutely trying not to do something wrong...everything else is or is not...peace
Perhaps this is an advocacy for scalping then? That's why I enter the market like I'm on a life raft, am starving, and need to catch a fish, but the ocean is infested with sharks. Sure, I could try to catch the whole school of fish ($$$), but the longer I sit in that water (holding position), the more exposure I have to the sharks (market). I'd rather catch one or two fishies and live another day, thank you very much.
Hey sup bro... lucky for me i didnot go through the difficult stages in trading. I started trading two years ago with the help of certain pros. I am glad i was able to rake in profit immediately. Trading profitably does not have to go through hard knocks. Just know the right people to help you.
If you are too eager to make money in the beginning, you will make mistakes and lose most if not all of it. Your two biggest obstacles to achieving consistent profits are fear and lack of discipline. The odds are stacked against you.