BABAR SK

#tradingeducation Here are some points which need to be understood and implemented completely before going into the trading industry:1 : Trading is a probabilities game, you are not 100% right or 100% wrong every time. If you are doing speculation and made some gains then after some time, markets hijacks your capital & when your emotions are in an uncertain situation then they completely take over your capital. (Fomo & Fear)2 : You must have a backtested strategy. 3 : You must be conquered in a stats game (Risk Management, position size, trade management).4 : You need gameplan & certain criteria for entry & exit. 5 : Find your edge, which is proven & backtested.6 : Build your own trading system.7 : Trading is a dynamic game you can't be profitable after learning some patterns ( just think about it who controls the market but they didn't know these patterns? Isn't it a suspicious thing? )8 : You need handsome capital for good gains. You can't make thousands with hundreds. 9: And last thing which is very important, if you are consistent and implementing things in a disciplined manner then the market can't hijack your emotions because our brain agrees on what we lose if trade goes wrong. 10 : You can't be a good trader with paper trading. Because on paper trading you have nothing to lose, if you don't have to lose then there is no emotional environment. 11 : Journaling your trades after a month or what period you decide (depends on you) & learn what you did wrong & right in this period.12 : Only your own system is profitable.