LIVEIf you get frustrated in your trading journey, consider these aspects:
1. Are you considered a scalper, day trader or swing trader? Not everybody can do all 3 things. Scalping needs nerves of steel, day trading can be less stressful and swing trading is for long term investing.
2. Do you trade in spot, futures, options, index markets, stocks, commodities, etc? Most people are dedicated to one or very few of these markets.
3.Risk management is essential. You may think you're in a good trade, but it doesn't mean you're right or wrong. It's about studying best probabilites, not gambling...
4. Never risk any amount of money you need for your survival. Don't risk your home, your family's necessities or your children's future. Invest in money that if you lose, you won't be in tough situations.
5. Buy the dip, sell high and follow trends. Statistically is more productive and better chances to sucessfully win a trade this way.
6. Don't overwhelm yourself with many chart indicators, patterns, etc. Take you time to learn and experiment with few strategies that YOU create. Someone else's perfect strategy most probably will not work for you.
7. Don't believe in gurus that make millions in very little time, unless they risk many millions more.