Friend,
We all must have heard the story of the tortoise and the rabbit. In this race, the tortoise who moves slowly wins in the end.
You will not believe that in the market also, the person who enters like a tortoise wins.
However, it is a different matter that 99 percent of the retail traders who enter the market enter at the speed of a rabbit and we all know the result of the last one.
If you are new and are going to enter the market for the first time, then remember some points that if you focus on earning in the first few months, then success will go that much further away.
So, in the initial period, focus only on keeping the account green along with the skill of saving money in the market. Because this is the only skill that helps a person to stand in the market or say to stand for a long time.
To do this, do real trading with very low quantity for the first few months and keep observing the market. You can increase your experience only with the help of this back testing.
Apart from this, do not do some things even by mistake in the initial days.
1) Never go to the market with an advisor.
2) Avoid things like account management.
3) Do not trade on the trade advice received on social media like WhatsApp, Telegram, Facebook etc.
4) Do not take big quantity trades the next day after seeing the profit of a few days.
The above are some of the things on which new investors rely a lot and it does not really work. Your personal experience and decision in the market is the best.
Hope the post will be useful for you
Thank you
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