M
Jenny Wasamu
@maasai_princess
Last seen:
1 day ago
Trading for 1 year now and loving it!!
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Happened in Kenya some time ago when Safaricom shares were oversubscribed and people didn't the number they actually applied for and they had to be refunded. Sad thing is that 10 years later some people were still not refunded
For me I dont like to categorize indicators into leading/lagging. An indicator is just someone putting his thoughts into a formula. The best indicators for me are the ones that just show me a line which i use as support and resistance. I dont like indicators that give me a number such as Fibonnaci, RSi etc.
Any day I wake up feeling very confident, that is always the day I lose money and revenge trading shows its face
Why should he stop? It depends on the instrument he is trading, major fx pairs require as little as $1 margin to open a trade with 1:1000 leverage brokers.
I like this thread because it encourages us to be realistic. Beginners should learn to start small, trade just for your basic necessities, then after a couple of years you can upgrade.
Ego will make you refuse to close a losing trade cos it will mean you accepting defeat, you will then end up taking a huge loss. I watched a YT video of traders taking losses and I noticed they were live streaming and because they didnt want their followers to see them take a small loss, they refused to close losing trades and ended up taking bigger losses reaching $500k
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