POSITION IN TRADING.
Every individual when participating in any financial trading market has the desire to become rich and earn unlimited money.
But we forget that each individual's position is completely different, they come from: Economic circumstances, starting position and assets of each person are different.
Some people are born at the finish line with a huge fortune enough for them to freely play in the game.
Some people have a huge monthly income so they can comfortably trade without worrying about the price line.
Some people are using 50% of their assets to participate in the game.
Some people use 100% of their assets to rush in to make money quickly.
Some people borrow money, use leverage to leverage a negative number into a positive number.
The purpose of all is to make money and bring financial comfort.
But most of these newbies have never experienced real-life problems in trading, so they are not aware of the real-life psychology in each situation or position that affects trading psychology, leading to different results and poor trading results.
Many people have a debt mentality to try to follow, run after those who only invest a small amount of capital to participate in the game.
For example, Mr. A with an account of 10k is an excess amount of money, for them, losing it does not affect the economy too much, but for Mr. B: 10k is a large asset, these 2 people enter the market with the same volume but their psychology will definitely be different.
From there, A's comfort leads to trading results with a POSSIBILITY better, less vulnerable than Mr. B's. The way of holding profits, holding losses will be different => different trading results.
In financial trading, position is extremely important, it leads to individual behavior.
If you are in debt, you cannot rest assured to make a profit to have an optimal profit, and you will also find it difficult to cut losses because of the fear of losing money, leading to greater losses.
Therefore, reposition yourself in each specific situation, to be able to give a reasonable investment capital for yourself.
The financial market is not for the majority. The same goes for wealth.
Everyone learns from failure, but not everyone succeeds the same
Don't see Mr. A's profit table and rush to apply it to yourself. The market is not a mathematical equation that can be inserted to produce the same result.
It is based on market fluctuations and personal behavioral psychology (personal trading psychology)
Therefore: Each person has a different position, respect your assets.
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