Post
Topic
Board Trading Discussion
Re: I lost my confidence... And fought to get it back.
by
South Park
on 30/07/2019, 02:47:43 UTC
I once lost 26% of my portfolio in three short trades, in less than an hour and a half.

snip


And so I set out to rebuild that confidence, brick by brick.
For the next 30 days, I traded only a completely insignificant amount of money and I documented every last detail.

That helped me control my despair while validating the effectiveness of my strategy.


snip
This was the best course of action, when a newbie suffers great losses instead of taking a step back and think about went wrong they try to immediately regain all the money they lost to the markets only to lose the rest of their capital, as a trader I have lost money and it is one of those experiences that are inevitable since no one can predict what the market will do 100% of the time, what it is important is how you react to it and what do you do to recover from it, and you took the right steps, you took notice of your lack of confidence and took enough time to rebuild it, and as long as you remember this valuable lesson you will eventually recover any money you have lost.