I met someone who spoke bitterly against cryptotrading, he spoke of how he had a fortune in his trading account that disappeared completely in one night, he spoke of how he fell into depression and sickness soon followed because of overthinking of how to pick up and get back up on his feet financially. Now he is a strong advocate against anything trading crypto, how sad and dissapointing.
I didn't want to go through the rigor of trying to preach the message of crypto and share my testimonials from my little successful trades because our meeting was short lived as we were in transit, but the big question that i kept asking myself afterwards was -
"How many persons loose in a trade, and then go back to find out why they lost, and the mistakes they made?"
(I am bringing this topic here to point out amd encourage everyone that needs encouragement, that it is always best to find out the reason behind every loss we make in trading. It might not be easy, but try not to fall into depression suddenly, go back and find out the excesses and mistakes in your analysis in preparation for the BIG WIN, it is not easy, but you can do it)
I take a break after I lose in trading. Like someone you've met I become depressed. I asked myself a lot of times if I really did think about what decision I am going to make and if it was the right decision so i might not end up losing all the money i earned. I almost left this thing but somehow I find a reason to overcome myself. Now I am back again. I want to be more careful. Small profit is not bad at all. Small profit is better than losing. I know I become greedy before that is why I almost lost all that I have. I want to change myself now.
You wouldnt improve yourself as a trader if you dont really know on how to accept those losses because those things are the best teacher and once you do experience some losses
just because you did make some bad decisions then in next time you would really be surely aware on what are the things you've been doing.It might not give you 100% precision
but once you are aware on how this market works then that would really be helpful into your trading career.Dont easily give up nor get scared when you do lose money
because its always been part of this market where buy and sell do works.