This article has been translated from English to Gen Z Slang.
Yo, I've peeped that many noob traders fall into four major bro traps in the realm of trading. 😬
My mission today is to help you dodge these baddies early on so you can peace out before they wreck your stash. 🚫💰
Grab that trading notebook and your go-to sippy cup. Let’s break this down, fam. 📓☕️
1. The desire to be rich
Wanting to get rich be like sneaky AF, showing up as either low-key fear or savage greed. When these two clowns appear, they usually bring heaps of drama along. 🤡➡️😵
Real talk, most of the rookie probs trace back to speed-running riches. 🏎💨
Overtrading? Big mood.
Poor money vibes? Big oof.
These are rookie favs for a cause. 😎 But here’s the tea: Forex isn’t some shortcut to millionaire vibes, fam. Seriously, unless you been trading forever, don’t expect to bounce outta your 9-to-5 and cop a Lambo overnight. 🚗💸
Trading’s in for the long haul. 💪 If you squad up with patience, it can give you chill vibes and a laid-back grind. But if you’re dreaming ‘bout quitting your gig like right now, slow your roll fam. 🛑
Real talk, clinging onto quick riches is the surest way to catch the major L. Instead, boss up your trading habits, manage that risk, and go for the long game win. That’s how you crush it long term, sus. 📈💼
2. Fear of losing
Lowkey, society taught us that bagging stacks equals success and wilding out with your money means you’re flopping. No cap, it got tons gripping onto fear of loss. 😥💸
Some noob peeps be stuck playing with demo accounts for ages, hesitant to step up. Others dive into real trading, panic the second they hit “Go,” and make mad impulsive decisions. 😵💫
But here’s the sitch: Taking an L with your cash isn’t always shook-worthy. 🏆 On the real, it drops mad knowledge your way.
If loss is constantly on your mind, you’re more prone to wilding out instead of choosing smart vibes. Toss the fear—only holding you back, dude. 🚫✨Real talk, losses are part of this trading life - periodt. Every trade won’t hit goals, and every pro trader’s been there. 🤷♂️ Market don’t always play nice, and at the start, you’re bound to catch an L now and then.
Blow your first live stack? Ight, it happens. What counts is bouncing back, learning those lessons, and leveling up each time. Been there, done that fam—blew two accounts before turning things around. 🔄🔥
3. The need to be right
Take Tom, who’s deep into forex trading. He rolls in with a shady, lowkey whack long bet. He expects 100 pips, but a 50-pip L? He goes weak at the knees. 🙈📉
Trade's trash from the get-go. It plummets—down ten, twenty, yo, even thirty pips. By forty, Tom’s shook, doesn’t wanna take the L, and he widens the escape routes. 🙏
Price keeps crashing, Tom keeps shifting...
100
120
150……
Eventually, Tom closes shop—taking major account hits. Tom refused to admit his L, instead enlarging the pit, hoping for some luck. The need to be always right? Yo, it's a killer, trust. ⚰️
4. Lack of discipline
Saved the real MVP topic for last—crazy common but no one shares the tea about it. 🤐
No discip vibes? Trading ain't for you, chief. Tons be guilty of chillin' without discipline for all sorts of reasons. 🙅♂️
The bogeys here? I call ‘em “System Jumpers.” These cats too eager, hopping from one playbook to the next. They don’t understand that mastery demands hustle. 🏃
System Jumpers lack the discipline to chill and actually learn the ropes of a single strategy. They be all in for a week and then ghosting if things flop for a minute. 📉Another shaky trader move? Ditching a solid plan way too early. 🔄
Every trading method ain't one-size-fits-all. No scheme slays 24/7 across every market vibe. The true pro keeps chill through the slumpy days. Keep grindin’ through the ups and downs, stay loyal to your hustle. 📊💯