Beginner Traders On 1st Day Be Like (Part 3) #shorts

I have made a lot of beginner mistakes when I first started out trading so this is just one of them. A lot of beginner traders don't appreciate risk management until they have blown their accounts. This applies to those who are trading stocks, forex, commodities, crypto and even options. Beginner traders often need to learn mistakes the hard way before they appreciate money management.

one of the trading mistakes to avoid is overexposing your account to too much risk. I see a of beginner forex traders opening way too many positions and then not calculating their lot size properly. This is because they want to get rich quick so they overleverage and don't even practice proper money management.

[KarenFoo]

I made this mistake back in my first year of trading when I was a beginner.

[m.yastrebov]

You don´t need exceptional knowledge to be a successful trader, but you do need exceptionally strict risk managment.

[ashimbiswas]

Seeing this I felt motivated!
I'm not alone.
Thank a lot for this Karen ♥️

[joyjones]

I’m a little over the newbie phase in my self trading but I ventured into forex few weeks ago and men, did I make almost this same mistake while still trying to get the hang of forex and lot sizing. I blast the lot size so much my small account got swallowed few secs after. I laughed it off but learned fast. Best learning in forex so far. I loved it

[duzone]

My first day trading I started with 50k got to 90k then lost all 40k profit in one trade 😅

[fibo]

I feel so bad right now. Did someone peep my laptop and view how I was trading all throughout the summer? LOL

[samuelleblanc]

That's why I'm educating myself with tons of hours of pros that actually does it for a living and take notes on their errors when they started, all of them, so I may have much more probabilities to not reproduce those in the future with my real trading account.

Thank you Karen. Yes I've watch a lot of your videos too. 😁

[melgozakoki]

I'm a new investor with only 500 dollars in my portfolio and I am absolutely not trading because I wouldn't know when or why I'm trading so let's first learn before I start losing money wisely. I've learned that much lol.

[monstawave]

Damn all the step absolutely correct 😂

[EDITVPaulEdison]

Great analytic skills without good risk management is just a total waste of time... The both are very essential.

[Forexdaytradingcompounding]

🤣🤣🤣🤣🤣🤣
True....
But I don't again that mistake

[DR-X-TMS]

I was on 2 lots all the way... 3 days straight! Invested $125 made $6115 by Wednesday and blew it all by Friday didn't even know there was such a thing called a margin call 🤙

[tayomoses]

This is so true. I was trading on M1 Time frame. Lost all my balance within 5mins.

[Francis-qfhr]

Lmao...the song went well with the beginner trading title..😂😂🤦🏿‍♂️

[kennethbanks]

I even placed my trade without so considering my lot size until I saw big negative numbers in RED 😂😂

[HimanshuPrajapati]

😂😂Completely relatable.

Thankfully now i generate 400-500 pips weekly with complete risk management.🔥

[Hinduhaihum]

You are the best teacher for me I learned a lot from u r videos pls keep such useful videos, a lots of love from India 🇮🇳🇮🇳❤❤❤

[farhanrahman]

The only way to not loose money is to have a strong risk management and price action.

[TiaraZhane.]

this is Gold and accurate 🤣 excellent song choice

[lucasenzo]

Absolutely incredible.I’ve been learning about the stock market for over a year now and you completely gave me a whole new perspective of how to look at it! Thanks you!