Beginner Trading Mistakes That Cost Me Dearly

Learn from my mistakes.Photo by Jp Valery on UnsplashOriginally posted on lifestylemaniacs.comMy trading journey began 5 years ago when a friend showed me an app on his phone that he used to trade Forex. He told me it was easy money.Django Unchained MemeI heard about trading and the stock market years ago in movies like “Limitless” and the notorious “The Wolf of Wallstreet”, but never understood how they work.Before starting to trade, I was wise enough to take some courses and get educated. I took the courses from XTB and got familiar with charts, patterns, and indicators.Thus, I started trading in the demo account and made some profits, so I deposited money in a real account and started taking action. Everything went fine until I started losing money; lots of money.“Why? Why can’t I make easy money as others do? Fuck trading! It is all a scheme.” That was my attitude towards trading until I realized my mistakes and started making profits.These lessons cost me $5000 plus $1000 lost in Bitcoin, but I am sharing them with you for free, you lucky you. Ok, let’s see my mistakes.Oh, before we dive in, go and press the Clap button multiple times until it turns green and nearly explodes. It is on the left side of the screen if you are on your PC or in the bottom left if you’re on mobile.Make the Clap button dance for usI traded with the money I was not comfortable with losing. All my monthly savings were put into trading and it became like an addiction.After losing money I put money again with the hope I can compensate for my losses. Sound like gambling to me, don’t you think?I was constantly checking the trading app, very stressed and panic when seeing everything in red. I…