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Experienced trader
Member Since Jul 23, 2020
759 posts
Member Since Mar 31, 2021
229 posts
Member Since Sep 06, 2022
26 posts
Nov 09, 2022 at 07:15
Member Since Sep 06, 2022
26 posts
I think an experienced trader will have some edge due to their in-depth knowledge and advanced trading skills. Just being experienced would mean nothing if you don’t have enough knowledge and trading skills. So, a trader needs to keep on learning for a long time in order to attain this edge that comes with experience.
Member Since Aug 05, 2021
401 posts
Dec 09, 2022 at 15:33
Member Since Aug 05, 2021
401 posts
I think time and experience just helps traders to manage their emotions better. More seasoned traders understand that losses are normal and are able to shake it off and keep going. Beginners get a lot more upset about it and try to regain that money but wind up losing more in the end. It's a hard lesson to learn, but understanding trading psychology can help us to identify when this is happening and to put a stop to it.
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