Financial Market - Toughest Place to make Easy Money!

Something you do not know may be difficult for you but easy for the one who knows it well. That thing is not making itself more difficult for some and less difficult for others, it is us, that is, we cannot associate anything with everyone and declare it difficult or easy.
Something similar is there in the financial market as well. For those who understand it in detail, it is comparatively easy and they consistently make money in it, while on the other hand, for those who have come into it only due to greed and FOMO, it is difficult and they often end up losing money at the end of the day, month or year.

source

From a distance, you can only see greenery but when you go closer, you realise what kind of challenges there are. When I first joined this market, I could only see profits and so, being tempted by that, I jumped into it without understanding its challenges. And what I lost at one point of time was not just money but also self-confidence and believe me, a blow to self-confidence causes the most harm.

So if you have just joined this market, first observe it from a distance and then slowly move towards it and understand its nuances and also pay attention to the fact that whenever someone is making money in the market, on the other side someone is also losing money, so what do you have to do so that you can always or mostly remain on the winning side instead of the losing side. Along with the experiences of the winners, also study the trades in which there were losses or the strategies which failed so that you can understand where the mistake happened and how it can be improved in the future.

In the beginning, buying and selling will seem very easy, just buy at low and sell at high or sell at high and buy at low and make a profit. And believe me, it is that easy, yes! Provided your analysis is correct, you are not overconfident, you know how to be patient, and most importantly, if you are wrong, you do not feel ashamed to admit your mistake and book a loss.

It is your mindset that causes you big unwanted losses, not the price or anything else. Because big losses happen when you don't accept small ones. Making mistakes is not bad but not accepting them, not learning from them and not correcting them is. : )

THANK YOU!