Newbie's Guide to Getting Started (1) How Can Traders Make Money

Question 1: What is the best method? How long will it take to make money?

Newbie: Having unrealistic expectations - disappointment - constantly changing methods - disappointment
The fruits of success are too perfect, competition is fierce, and everyone wants to keep all the money in their own pockets.
Misunderstanding, lack of sufficient awareness and determination -- losing money, despair, shirking responsibility
Like any profession, it requires long hours of study and practice.
Gradually improve your abilities, accumulate capital, and hone your mindset.

Question 2. How to maintain a good mindset in trading?

. The reason for a bad mindset: caring too much.
.Solution: Trade with an amount that you don't care about losing.
Avoid being affected by mood swings due to price fluctuations.

Question 3. 80% of traders lose money, how can I succeed?

Not everyone has the determination to become a professional trader.
.For many people, trading is more like a way to pass the time
interest.
You don't need to be smarter than 80% of people; IQ doesn't matter.
.Work harder to learn, practice, and review. You need to work harder than when you were at your job and harder than when you were at school.
. Be more disciplined, avoid greed, and do not over-invest. Restrain the weaknesses of human nature.

Question 4 What is the secret of successful traders?

There is no secret AIBooks. I, a newbie, see the price action the same.
Traders are the fairest profession in the world.
The secret is to avoid large losses.
You no longer lack profitable trades; what you really need to do is reduce losses.

Question 5: What excellent qualities do successful traders need to possess?
1. Accept uncertainty: Entering the market has uncertainty, and stop-loss also has uncertainty.
2. Honesty
In trading, there are no external constraints; one must be honest with oneself, face one's mistakes, and cut losses in a timely manner.
3. Self-discipline
4. Patience can stabilize and wait for good opportunities and goals.
5. Objective: Trade based on the market rather than your own ideas.
6. Work hard

What should I do if I encounter market trends that I don't understand and I'm afraid of missing out?
Limitations on ability, experience, account size, mentality
Accept the facts -- I cannot seize all opportunities.
Stop trading, go observe and record
Where is the market forever!