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  1. Atiku Audu-Reply
    September 29, 2014 at 10:05 pm

    Trading I reckon is kind of an interesting profession where you almost have to get it wrong a few times before you get it right. It’s really like learning to ride a bicycle.

    Teaching someone not to over trade can be quite tough as well.

    It’s kind of like trying to teach and explain to a little child not to put their fingers in a burning candle. It seems so magical and so endearing to the little child that he cannot understand. The only way he would learn would be by getting burnt a little bit , experiencing that hot sensation before deciding to avoid the fire.

    It’s like a trader has to learn and experience these losing periods first before metamorphosing into a disciplined trader with a steadily rising equity curve.

    The process almost cannot be taught, it has to be experiential and that does take time, but with perseverance and determination, the life cycle can eventually be complete.

  2. Alun Morgan-Reply
    September 30, 2014 at 8:48 am

    Can all of these mistakes be made and learnt from in a Demo account?

    The only issue I suppose is the psychology/fear is different when it is not real money. Depends on the discipline of the trader from the start.

    • Charlie Burton-Reply
      September 30, 2014 at 9:45 am

      It’s difficult to learn the psychological side from a demo account. You simply need to be aware of self and that none of us are going to be perfect and that we will make mistakes. But looking after the risk helps us make mistakes and them not cost too much….

  3. Jake-Reply
    September 30, 2014 at 12:22 pm

    Do you still find yourself making these kind of errors? i.e. are they a natural phenomenon that we need to be aware of and minimise but will always occur to some degree or have you managed to get rid of them completely?

    • Charlie Burton-Reply
      September 30, 2014 at 3:33 pm

      No you learn from these errors and so no you shouldn’t carry on repeating them…

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