Taking consecutive losses in trading has led to a lot of blown accounts.
Losses affects us psychologically and doesn't make us think logically.
Just wanna know how you get yourself back in right state of mind after taking a loss or better still, how do you handle losses?
Share your experiences and techniques, this will be helpful.
As a trader you should understand that you're here to take risks and you should be ready to face them. If you're not ready to take risks then trading is not meant for you. Trading is for people who are ready to take risks and you should know that it's not all the time that you're going to be making profit. There are times you can lose your money in trading. Why I am saying this is that anyone who truly understands cryptocurrency trading, when they lose their money they won't really worry much about it and they will just relax and look for a way to recover the things they have lost from trading.Losses affects us psychologically and doesn't make us think logically.
Just wanna know how you get yourself back in right state of mind after taking a loss or better still, how do you handle losses?
Share your experiences and techniques, this will be helpful.