mistakes in the past being the best teacher, an experience that should really make us able to avoid the same problem. It takes several tries to avoid the same problem, every trader has their own strategy, but what is certain is that avoiding losses is something that must be done. We also have to have control over the trades that are being made, lest the traders only get losses.
Making losses is fine, not letting them get to us is the real treasure in the trash. If we could keep our heads high and keep on doing something that is profitable for the future, then we will be fine. Those losses should become our school books, we should be able to learn from them so well that in the future when we are about to make a mistake, we should remember the mistakes we did in the past and avoid doing them again.
This isn't hard, sometimes you make the same mistake two or three times or even maybe more before you learn to avoid them. But as long as you learn, and you do not make it again, they are still our lessons and they are valuable.
If you are really that dedicative on pursuing your goals then losses and failures wouldnt really be a hindrance for you to stop just because you had experienced unfortunate events but for those who are dedicative
or trying out to pursue their goals then they are the ones who do able to sustain for too long.Im not saying that they arent making themselves get affected yet we are just humans and seeing our investments
failed or have losses then its normal to have these kind of reactions which not all would really be that having that kind of mindset or behavior.
Some do sustain and some do fail and eventually quit which it does really depend on personal goals and mindset and handling out on particular conditions whether you do
survive or completely stop.