What's the Most Delusional Belief You Held When You First Started Trading?

[rachael9385]

Almost every beginner has this optimism at their beginning stages that they are going to hit a trade that would be life changing in a short while but after sometime they begin to see how slow the journey is to become successful. Trading can be very challenging but the results will always pay off in the end if you are patient and hardworking enough to earn it. I have learnt to take it slow and enjoy the journey

[harapan]

Let's be brutally honest for a minute. Before we learned about risk management and realistic expectations (usually by losing a painful amount of money), we were all a little bit insane.

We all had that one beautifully stupid belief that we thought was our ticket to a Lambo.

So, let's air it out. What was the most idiotic, unhinged, completely delusional thing you truly believed about trading when you were a rookie?

Since the beginning of the era of trading and how I've heard people talk about trading, the mindset I carried at that moment was thinking trading is a quick money making scheme where you start up with some figures and in no time you'll start getting results. But little did I know it was so different from this and I remember bragging with some friends on how to do this and that just few days after I started my trading journey but all of a sudden everything was out in my eyes and that's how I got to know the main truth about it.

[2Pizza410000BTC]

Let's be brutally honest for a minute. Before we learned about risk management and realistic expectations (usually by losing a painful amount of money), we were all a little bit insane.

We all had that one beautifully stupid belief that we thought was our ticket to a Lambo.

Maybe you thought you'd found the "one weird trick" indicator that was never wrong. Maybe you believed you could turn $100 into $100,000 in a month, easy. Or my personal favorite: thinking you could just copy some influencer's trades without any of the risk.

So, let's air it out. What was the most idiotic, unhinged, completely delusional thing you truly believed about trading when you were a rookie?

Before starting the trading platform, I felt that I would make a lot of money from it and change my life a lot. In fact, such thoughts happen to those who enter a new situation, and this is exactly what happened to me. I started trading altcoins to get more, which is why I have been losing money in my trading so far. Moreover, I thought the trading platform was a good and easy way to earn money in a new situation, which is why I was more greedy here, hoping to make money very quickly, but in the end, I realized that what I was thinking and thinking was completely wrong. However, at the beginning of my trading life, I had such misleading and foolish thoughts, which I now understand.

[Botnake]

Honestly, I even think of not finding a stable job anymore and just focus on trading where the income is much higher. I though that if I have the skills and the perfect strategies every time I trade, then I won’t have to lose anymore. But unfortunately, even if you are a veteran trader, losses are sometimes inevitable.

That made me realize that there’s no guarantees and sustainability from trading alone. You need to find a real job that will give you a regular and sustainable income, and just treat trading as a side hustle, that way even if you lose a significant amount, you will not end up so frustrated knowing you have your own job that will provide consistent income for you.

[AmoreJaz]

Honestly, I even think of not finding a stable job anymore and just focus on trading where the income is much higher. I though that if I have the skills and the perfect strategies every time I trade, then I won’t have to lose anymore. But unfortunately, even if you are a veteran trader, losses are sometimes inevitable.

That made me realize that there’s no guarantees and sustainability from trading alone. You need to find a real job that will give you a regular and sustainable income, and just treat trading as a side hustle, that way even if you lose a significant amount, you will not end up so frustrated knowing you have your own job that will provide consistent income for you.

You are just lucky that you find your footing in trading. However, you need to consider also your retirement plans. Because some people are still getting a stable job so someone can pay for their retirement. However, if you are indeed doing good in trading, you can already take care of your retirement. At the end of the day, it is still on you how you will decide for yourself.

[EL MOHA]

Maybe you thought you'd found the "one weird trick" indicator that was never wrong. Maybe you believed you could turn $100 into $100,000 in a month, easy. Or my personal favorite: thinking you could just copy some influencer's trades without any of the risk.

So, let's air it out. What was the most idiotic, unhinged, completely delusional thing you truly believed about trading when you were a rookie?

The most dilussional belief I had then was that the so called mentors and influencers were able to get rich through trading with small amount, I hard this believe that what this influencers showed on the social media were actually true trading if learnt well is the easiest way out of poverty.

I also had this belief that the cryptocurrency trading is something that can be mastered and I had the belief that once you hack it and get a strategy you can simply trade and wouldn’t lose again, I never believed losing isn’t inevitable.

I had this belief that copy trading and buying signals are profitable