"The worst thing that can happen to a new trader is for his/her first trade to be hugely profitable."
Explanation:
If you make losses initially, you will sometime or the other (hopefully) analyse why you are in loss. But if you are in a huge profit in the first trade, the feeling is this happened because I am a genius. There is no further motivation to learn why you made a huge profit.
According to me, all events (profit or loss) are purely random and have no correlation with your intelligence.
Refer my post on Correlation between intelligence and trading
Explanation:
If you make losses initially, you will sometime or the other (hopefully) analyse why you are in loss. But if you are in a huge profit in the first trade, the feeling is this happened because I am a genius. There is no further motivation to learn why you made a huge profit.
According to me, all events (profit or loss) are purely random and have no correlation with your intelligence.
Refer my post on Correlation between intelligence and trading
