Quote from: Victorycoin on January 01, 2017, 02:48:01 PM

Quote from: deisik on December 28, 2016, 06:17:12 PM

Quote from: daringdiscovered on December 28, 2016, 02:40:33 PM

Quote from: Idrisu on December 03, 2016, 07:33:11 PM

Losing is part of successfully trading. If you treat losing as part of trading then you are an experienced trader.

I agree, no pain no gain. If you won't experience lose then you won't learn anything. Making mistake like losing can be acceptable once or twice because it taughts us a lesson so we will do better next time. If you won't make mistake you won't grow. You won't develop your skills in trading. Or other skills you have.

In fact, failure is not a required step for learning

In the wild, smaller animals learn their young how to hide from predators, and any failure would mean inevitable death for them. Indeed, some don't survive and got eaten in the end, but those which do survive obviously learn without going through any failures. Trading is not hunting or preying, and you can get off pretty cheap when you fail, but you shouldn't think that mistakes are totally unavoidable (even if they can't really be avoided). In other words, you should think more about success and not failure, how to avoid failure and not how to accept it

I think the way to put your suggestion in a brighter light is that a trader does not need to wait until they commit blonder before they learn from mistakes or failure. The best option is to learn from the mistakes of other traders or people already any business of interest and tap from their wealth of knowledge, because they obviously have been there and seen lot more

The sad truth is that people don't actually learn from the mistakes of others overall. Indeed, in some fields this is not quite so (e.g. if you see someone eaten by a shark in a pool, you will obviously refrain from swimming there), but in trading it is even worse than that. People do not only fail to learn from the mistakes of others, they don't even learn from their own mistakes, repeating the same mistake over and over again, which is pretty much bordering on insanity as Albert Einstein said ("doing the same thing over and over again and expecting different results")...

So before getting involved in trading for real, anyone should better find out if they can actually learn anything at all from their mistakes