I am writing this because of the trend of all young boys leaving work and trying to start trading.
If you want to do trading, do this first.
01) Several income sources. Because trading has both loss and profit. That's why it's worth having more ways to cover a loss.
02) Good knowledge. As I always say, trading is something that needs to be learned by spending time. That is why it is imperative to give it time.
03) A trading plan. It means simply how much you risk, how you plan a trade (stop loss, target, ladder points) and a plan that includes things like your monthly target.
04) A good psychology. That means this is purely a mind game. Because of that, if you lose your head, it will be a shame to go away son.
Because of that, don't be tempted to trade by disrupting your education. The very good traders you see (that is, not the fake ones who sell Tik Tok Courses) are the ones who have achieved a lot in their professional life. They were successful because of that strength.
It simply means that if you want to be a good trader, you need a good education, good discipline and a good financial background.
original owner: Nimithi
