Another mistake: I spread my money across too many traders and ended up learning nothing. At the beginning I thought diversification meant copying everyone who looked good, so I followed six or seven traders at once. The result was a messy equity curve and no idea which strategy was actually working or failing.
What I wish I knew is that, for learning, one main trader plus maybe one small “test” account is more than enough. It’s much easier to understand how a single strategy behaves – how it reacts to news, trending markets, and ranging conditions – when your account isn’t a mix of random styles. Over-diversifying with random traders can accidentally increase risk instead of reducing it. If you’re new, don’t turn your account into a trader zoo.
Start focused, then expand later once you actually understand what you’re following.
What I wish I knew is that, for learning, one main trader plus maybe one small “test” account is more than enough. It’s much easier to understand how a single strategy behaves – how it reacts to news, trending markets, and ranging conditions – when your account isn’t a mix of random styles. Over-diversifying with random traders can accidentally increase risk instead of reducing it. If you’re new, don’t turn your account into a trader zoo.
Start focused, then expand later once you actually understand what you’re following.
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