/biz/ - Business & Finance

>>16515214
>As a caution, many traders (and especially younger millennial and zoomer traders) think of things in life like a videogame, where they gain just gain XP and get better.
True. This is a new pitfall in the market with little study done on the mindset and effects. I've done a half ass think or two on the matter and keyed in on one particular vidya learned component that you really ought to be careful to avoid if you're new: Min/maxing. Fucking min/maxing. In vidya, you are often rewarded for doing this such that your character becomes so strong in one aspect so fast, the other stuff doesn't really matter. If you're used to this and apply the idea to the stock market, you are setting yourself up for terrific losses. It manifests as failure to manage risk, failure to diversify, trying to figure out a way to do TA such that you make perfect entries and exits (which is impossible), being way too comfortable with high risk.

YOU CANNOT SAVE SCUM THE MARKET