Cory said:
List of things I wish I knew before I started trading:
Don’t day trade
Trading as a beginner is like a bankruptcy speedrun
Not if u have common sense. It’s just following sets of rules, not that hard. The problem is not all people are created equal. Most people don’t want to do the proper work before getting started.
I avoided problems when starting, but that’s in large part to common sense. I did not expect to get rich overnight and quit my job. I spent countless hours studying before starting. It’s like with literally ANYTHING else you want to be great at.
Most people are not too bright, fail to plan ahead or prepare properly and not much more than a sheep following everyone else.
You don’t know how to do something, what do you do? I just figure out myself and do what it takes to get it done, many people will just assume they can’t do it and don’t even try. These types are the same who lose their money trading because they lack common sense.
Cory said:
List of things I wish I knew before I started trading:
Don’t day trade
Trading as a beginner is like a bankruptcy speedrun
I got like 5% left from my initial investment from 2017/2018. Daytraded it all away. Bought hyped coins on their way up, panic sold on the way down. It accumulated in going all in on IOTA right before the top. Still got those though.
No regrets though. It was a great lesson in patience and spontaneity. Lessons that have matured me and that have helped me become a decent investor today.