{"id":38,"date":"2023-05-28T09:44:35","date_gmt":"2023-05-28T01:44:35","guid":{"rendered":"https:\/\/workinvestspend.com\/WIS\/?page_id=38"},"modified":"2023-05-28T09:44:35","modified_gmt":"2023-05-28T09:44:35","slug":"level-beginner","status":"publish","type":"page","link":"https:\/\/workinvestspend.com\/WIS\/level-beginner\/","title":{"rendered":"Level &#8211; Beginner"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large is-style-rounded\"><img decoding=\"async\" src=\"\/WIS\/wp-content\/uploads\/2026\/02\/planning-desk.jpg\" alt=\"Beginner Trader\"\/><\/figure>\n\n\n\n<p class=\"has-large-font-size\">Always do a self-check. How good are you, really?<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity is-style-wide\"\/>\n\n\n\n<p>It is important to do a reality check. We often tell ourselves that our next fortune is just around the corner. But in reality, what often awaits is a black hole that swallows our money.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Signs You Are Still a Beginner<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>You do not have a written trading plan<\/li>\n<li>You do not know your win rate or average profit\/loss<\/li>\n<li>You have blown up at least one account<\/li>\n<li>You chase trades based on tips or social media<\/li>\n<li>You do not use stop losses consistently<\/li>\n<li>You risk more than 5% of your account on a single trade<\/li>\n<li>You revenge trade after losses<\/li>\n<li>You cannot explain your edge in one sentence<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">What Beginners Should Focus On<\/h2>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table><thead><tr><th>Priority<\/th><th>Action<\/th><\/tr><\/thead><tbody><tr><td>1<\/td><td><strong>Capital preservation<\/strong> \u2013 Your only job is not to lose money<\/td><\/tr><tr><td>2<\/td><td><strong>Learning<\/strong> \u2013 Study charts, strategies, and market behaviour<\/td><\/tr><tr><td>3<\/td><td><strong>Small positions<\/strong> \u2013 Trade with amounts you can afford to lose<\/td><\/tr><tr><td>4<\/td><td><strong>Record keeping<\/strong> \u2013 Journal every trade and review weekly<\/td><\/tr><tr><td>5<\/td><td><strong>Patience<\/strong> \u2013 Do not rush to &#8220;make it big&#8221;<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p>There is no shame in being a beginner. The shame is in refusing to admit it and losing money you cannot afford to lose.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity is-style-wide\"\/>\n\n\n\n<p class=\"has-text-align-center\"><strong>Start learning:<\/strong> <a href=\"\/WIS\/your-journey\/\">Your Journey<\/a> \u2192<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Starting point for beginner traders. Essential concepts, mindset foundations, and first steps on your trading journey.<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-38","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/workinvestspend.com\/WIS\/wp-json\/wp\/v2\/pages\/38","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/workinvestspend.com\/WIS\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/workinvestspend.com\/WIS\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/workinvestspend.com\/WIS\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/workinvestspend.com\/WIS\/wp-json\/wp\/v2\/comments?post=38"}],"version-history":[{"count":1,"href":"https:\/\/workinvestspend.com\/WIS\/wp-json\/wp\/v2\/pages\/38\/revisions"}],"predecessor-version":[{"id":39,"href":"https:\/\/workinvestspend.com\/WIS\/wp-json\/wp\/v2\/pages\/38\/revisions\/39"}],"wp:attachment":[{"href":"https:\/\/workinvestspend.com\/WIS\/wp-json\/wp\/v2\/media?parent=38"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}