3 paradoxes in trading

In life, as in trading, there are many paradoxes.
Some things are obvious, some are not.
With experience comes awareness, and we begin to see what we have not seen before.
Understanding the fundamental principles will help you move on correctly.


Paradox #1: The more you need money, the longer you won't have it

Everyone who came to trading needs money.
Often a new trader is a person who has recently lost his job and now hopes to earn them by trading.
Here they will be disappointed. After all, trading is a very risky activity, and if you still do not have knowledge and experience, the risks increase to the skies.
When you are in desperate need of money, your thoughts and actions are driven by emotions, not logic. And your trade is doomed.
As the saying goes, "if you can't afford to lose, then you can't afford to win."
The more you strive to make a profit from trading, the more it will elude you.
If you came to the market because you really need money, your brain is already set up for emotional mistakes. This is a bad attitude, leading only to big losses.

Paradox #2: The more mistakes you make, the more likely you are to succeed

Mistakes are good! If you don't forget to learn from them.
If you lost everything and still didn't give up, you got closer to victory.
This is a very important point, most of them give up here, and the best continue to work.
No matter what anyone tells you, the most important thing in trading is practice.
Nothing in this life teaches better than the good old practice.
Real trading will immediately show all the flaws of the above trading system, flaws in your brain.
This is the best teacher, but don't forget to listen to him!
Make one mistake, write it down and don't repeat it again. Work it out and continue trading further. I promise that you will learn much more from this experience than from any trading seminar from the "guru" of trading.
Make enough mistakes (and learn from them) and you will start making money. It's very simple.

Paradox #3: The more you are convinced that you are right, the less likely it is that you have the right knowledge

"One of the problems in our world is that smart people are full of doubts, and stupid people are full of self–confidence" - Charles Bukowski.
Some people may say that trade is neither a science nor an economy.
Unlike the physical sciences, financial markets simply have too many unknowns to have a high degree of confidence in the accuracy of forecasting future prices.
To send a rocket to Mars, it is enough for us to understand the laws of physics accurately, but we cannot predict tomorrow's market prices with approximately the same degree of accuracy.
Why?
This is because we can rely on the laws of physics that remain unchanged, but we cannot rely on the same thoughts, moods and actions of people who essentially drive the markets.
The best retail traders understand that regardless of the thoroughness of their analysis, there is still much that they do not know and cannot know about the market.
Thus, when they are "lucky", they use trading methods that increase their profits, and when they are "unlucky", they use trading methods that limit their losses.
In trading, as in life, confidence is nothing but an illusion.
Good luck!

Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻