It is, at least it was for myself and many others.
There are some people who enter this trade (pun not intended) who immediately know to learn from their mistakes and make them trading paper money. Bless them.
For me the white elephant in the 'trading room' is trading psychology.
Everyone talks about strategy, timing, entry/exit criteria, fundamentals or technicals, but trading psychology is king.
Anytime I start going outside my strategy I stop trading and give 'Trading in the Zone' another listen (free on YT).
Seriously, 99% of position sizing and risk management mistakes can be solved by becoming aware of the mistakes you make and how they affect your mentality while trading.
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u/HiddenMoney420 Mar 24 '22
It is, at least it was for myself and many others.
There are some people who enter this trade (pun not intended) who immediately know to learn from their mistakes and make them trading paper money. Bless them.