Do you want to quit trading ?
Do you want to quit trading ?
Almost every career, discipline or profession has its own hazard, risk and disadvantage. I hear many people who feel like quiting or abandoning their kind of job because of the risk they go through.
Likewise trading is risky too. For you as a trader, have you considered abandoning trading because of the high risk of losing money in your trade?
Not yet for me, maybe i will think about quitting when I have made a kill Grin
People end up getting depressed because;
1. They think trading is a way to get rich quickly (well sometimes it is but not always)
2. They invest money they can’t afford to lose
3. They don’t have a proper risk management strategy.
Honestly there used to be a time I enjoy trading on a daily basis and lock-in the little profit. Though, the profit doesn’t come everyday and there are days I do take to loss too.
But I got knocked down during the beginning of this last bear season and every skills I seemed to have acquired got faded away and I lose about 70% of my trade. I felt like quitting the game but instead I engaged myself in buying the dip for a longterm profit with the little I got left. And thankfully, that’s how I brought myself back to the game.