As a new trader, you can save yourself from shooting yourself in the foot simply by trading stock options instead of stocks or any other financial instrument for that matter. Of course learning how to trade options properly and consistently is the key to achieving long term success.
My wife grew up in Paris and spent a few years modeling back in the late 1990s. One of her gigs took her to Tokyo and she really loved the energy of the place. The other day she said to me: “Once the Japanese figure out how to make French food, we are screwed.”
A lot of people begin their trading career as discretionary traders and in most cases fail at it ignominiously for a variety of reasons. It’s not uncommon to see them wipe out more than one trading account in a short amount of time.