So far I have seen people who do analysis and they knows all the indicator, but yet they still finds it very difficult to succeed in trading, could it be that they don't have enough capital to start trading or what?
Most times we can know all the technical analysis and also fundamental analysis but yet still finding it very hard to succeed in trading and why is that they easily drained off their capital while trading.
I'm one of these traders who knows a bit how to do technical analysis and knows how to use indicators (not all though) but still having a hard time making money. I mean compared to how I am trading last year, I'm way better now, but still, I'm sitting at almost breakeven.
The reason why it is happening based on my experience is psychology. There are times where my patience is getting me, and when I saw my position down 10-20%, I'm closing it immediately. While this works for me sometimes, for most of the time, it will end up going to the position I made which makes me disappoint at my decisions.
My question is; what guarantees a successful trading, if people who knows technical analysis and fundamentals analysis could still lose money while trading.
In trading, there's no such thing as GUARANTEE. You can lose money in trading still despite knowing TA and even FA.