The Rookie Trader's Path: From Silver 0 to First Profit

Hello, all my friends of Lemon8, today I want to share my experience as a novice trader who was hurt so hard that he almost took off until he got his first profit from the market. I can say that it is not easy, but not too difficult to have a good plan.

Start with "want to be rich."

In the old days, I started with the simple idea of "trading and getting rich fast," and I saw other people post profits, so I wanted to try, jump into the market without any knowledge. In the end, as I thought, I lost a lot, and I wanted a lot of greed, a fear of making mistakes, and in the worst case, I didn't have the discipline to trade. 😩

The most painful lesson.

The mistake that cost me the most money was overtrade or non-stop trading. I think that the more you enter the order, the more you have a chance to earn a lot of profit, but in the end it's ruined. The funding is exhausted. You have to stay for months.

The key turning point that made it back.

After that, I regained my foothold, starting with a serious study of knowledge, reading books, watching courses, and learning from my own mistakes. What I discovered and changed my trading life forever was:

* Discipline comes first: Every trade must have a plan and follow the plan strictly, not making decisions.

* Risk Management: Each entry must know how much loss, if wrong, and always bear that risk.

* Trading Journal: I took notes every time I entered and left the trade to see which strategy worked and where to improve.

First profit! 🎉

The day I made my first profit, it wasn't as exciting as when I made a fluke profit, but it was a pride that I successfully followed my plan. It wasn't luck, it was discipline and effort.

For those who are discouraged by trading, I want everyone to review themselves. Investing is risky, but if we are well disciplined and risk management, the chances of success are within reach!

# Newbie Trader # Trading blank graphs # New traders should read # tradersigmaboy # Lirunex