Yes when first jump in to trading, we should be more focus to learn about management of risk and money and dont set the target profit first, the more important thing how to minimize the risk first. And after we have some strategies to minimize the risk and then we can set the target monthly profit. So make risk management is very important first.
I was also guilty of this at first, but my determination actually helped me over the years and I realized that eventually the time I was using to do trial and error, I would not have taken that much of a time to learn and start doing things right. All you need is just a good strategy, confidence in executing the strategy without emotions, understanding the importance of reward risk ratio and money management and you will find yourself doing better over time. Those who have no strategy when it comes to trading are just busy gambling, and until you give yourself some brain, and you do things the right way, you will just keep making silly mistakes.
