Newbie to the game

Hi there,

I’m new to all this. Will be learning and researching to try and make a go of trading.
Any tips or advise from seasoned vets would be much appreciated. :+1:

I wouldn’t consider myself a seasoned vet by any means. Although there are some in the forums that may pop up.

But I will give you my advice anyway :stuck_out_tongue_winking_eye:

  1. Gain an understanding in probabilities, law of large numbers and random distribution
  2. A winning streak can also be a strike of luck, stay humble and use controlled risk management
  3. Keep it simple
  4. Find an edge and backtest it thoroughly to give you confidence in your execution when things aren’t going your way.
  5. Learn to love the charts and the process, without a passion for it, you will most likely give up when it gets hard.

Good luck :slight_smile:

LEARN HOW NOT TO LOSE MONEY. Safeguard your capital at all costs. Without money you cannot trade. Keep risk exposure limited, don’t overtrade, revenge trade or gamble. Emotional control is critical to becoming successful.

best of luck.

Thanks for your advice. Much appreciated.

Wise words. Much appreciated. :+1: