When you start making money from trading, do not forget your days of little beginning, When $100 was a lot of money to you, do not be quick to forget the period $1,000 was a lot of money for you
A lot of time, when traders start making money they begin to mismanage their money and if they are not careful they can lose everything and go back to zeros
We have seen this happen to several people
You see them blowing $300 per trade, they jump on any market and place any trade without stop loss and then they watch the money burn down
They get to a point where donât donât see value in money
They get to a point where they feel losing $300 is a normal thing
Donât think if you make $10,000 you wonât be able to go broke again, you can lose that money All in 24 hours
People have lost $100,000 plus simple because they bought into something that did not end up well
When you start making money or when you make money from trading, it is expected for you to get excited but do not get overly excited
It will push you into making wrong decisions which will take you time to realize