I began trading CFD in Malaysia with RM500... The Outcome is as Follows

RM500 is quickly lost in CFD trading. Quicker than most amateurs, the old man.

The first time I got into the trading of CFDs in Malaysia, I had the illusion that the small account will somehow make me cautious. Rather, it irritated me. Any small gain seemed to be something pointless, and I continued adding more and more lot sizes in an attempt to make it happen faster. Bad move. Really bad move.The initial week was exciting but. Too exciting.I sold gold CFDs nearly as soon as I could since that is what everyone was so enamored with on the Internet. Gold flows fast, they leave giant long term indices trading account screenshots of the profits, and novices are naturally inclined to believe that a fast pace of movement is easy money. But what no one will tell you is gold can turn in your face, too, to spoil your disposition before lunch.One of the trades swept almost a fifth of my account within fifteen minutes. I was staring at the screen feigning calmness yet in my mind audible like a broken kettle.This is why CFD trading is weird. Barrier to entry is low, technically. With just a small deposit you can trade a forex pair, indices, commodities or even stocks under a single platform. Initially feels empowered. then comes reality with leverage like a baseball bat.Leverage was my actual trap.At RM500, the temptation to overtrade is preposterous since the sensible profits of sensible position sizes are minuscule. Novices tend to reason, I must have more of the business before it will be worth it. Such a mentality kills accounts. Mine almost became a part of the cemetery as well.I have, however, given up attempting to increase the account rapidly after a dismal month and began to approach CFD trading as more of an art rather than a shortcut. Weirdly enough, it is then when things gradually got better. Not dramatically. No cinematic montage. Simply a reduced number of dumb trades.I also came to know that it is over-rated that trading always.At some time I was opening positions due to boredom. Market slightly moving? Enter trade. Random candle spike? Enter trade. In hindsight, I must have been in need of hobbies rather than indicators. Seasoned traders wait much longer than novices would think. There are days when they do not do anything at all, which at first sounded like a sign of laziness in me until I realized the reasons.The other aspect that amazed me in the Malaysian trading environment was the level of concentration by people on profits at the expense of survival. No one shares images of disciplined losses. No one posts proudly about respecting risk management today. Drama is valued on social media, not consistency.However, what is more important is consistency.After I had begun to risk less on each trade, the emotional tumult had somewhat calmed. Losses were no longer devastating. Decisions became cleaner. I was even capable of thinking, rather than panicking and clicking all the buttons like a caffeinated raccoon.The CFD trading in Malaysia also taught me the extent to which emotions influence money decisions in general. A poor day at the job might carry over to trading. Sleeplessness caused me to be careless. Patience levels were strangely influenced by hunger. Unbelievable until you do it.The RM500 account didn’t magically turn into a fortune. That dream was cut short. Nonetheless, the experience revealed tendencies I would have otherwise likely been unaware of, such as impatience, greed, trading in vengeance, and overconfidence when I won a little. The drawings were all coming back at me with a terrible accuracy.And, as it turned out, that turned out to be more worthy than the quick money I was initially pursuing.