Trading is a competitive zero-sum game where beginners will likely lose money for several years while competing against highly skilled traders; success requires developing discipline, objectivity, and avoiding greed through proper risk management tools like stop-loss orders and profit targets, and new traders should start small and expect losses as part of the learning process.
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Prerequisite Knowledge
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Can you stay consistent under pressure.Added:
I think anyone starting trading is going to lose money for several years. You know, you're looking for [music] a career that pays a lot of money.
Everyone trading wants to make a lot of money. You're competing against extremely smart people and it's essentially a zero-sum game. So, you're trying to [music] take money from really, really smart people who are trying to take money from you. And when you start out, they're going to win.
You're going to lose money. But if you if you have the discipline and you're careful and you learn how to be objective and [music] you try not to be greedy, use stops, use profit targets, I believe it's a >> [music] >> it's something that you can do. But I would start really small and I would be very humble and work [music] very hard on discipline and expect to lose for several years.
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