#StockMarkets & Broking Industry, Particularly #Trading Side, Thrives on Newcomers With Little Experience But Big Dreams losing their money quickly

Ancedote says such accounts last on average 3-6 months

They lose to more experienced, disciplined, systematic Professionals
Newcomers will do themselves favour by

1. Avoiding Intraday Leverage
2. Avoiding Derivatives Leverage
3. Avoiding Intraday Trading
4. Sticking To Cash Market Positional Trades
5. Not betting more than 10% capital on single position
6. Learning Risk Management & Position Size
7. Recording all their bets & outcomes, analysing same
8. Understanding & Building Systems for decision making
9. Investing Time in Education
10. Not scaling up capital till consistent profitable track record is built
11. Analysing own behaviour, thought process & correcting Psychological issues
12. Being Patient to achieve consistency & proficiency

In #PublicInterest Of Newcomers
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