Post
Topic
Board Trading Discussion
Re: You Learn More from Losses than from Wins
by
dunfida
on 09/03/2023, 20:45:25 UTC
Remember the first trading lesson you learned as a newbie? Did it come from a win or a loss? A loss teaches you about the reality of the market, protects you from becoming cocky, and humbles you. When you are a beginner trader, a small loss is not a terrible thing. Losses teach you proper trading risk management strategies and techniques and respect for the market and prepare you for long-term success.

Remember the first lesson you learned as a beginner trader? Did it come from a loss or a win?
As the saying goes, experience is the best teacher to be better, but most of the lessons we can take are from failures and defeats because consciously we will know where our mistakes are or we will look for where the mistakes are that cause us to fail or lose in trading. It's different when we win, emotionally humans will forget what they have missed when they are in victory so they cannot detect anything but pride and joy. I personally get more valuable lessons when I experience failure because I want to fix it so it doesn't happen again in the future.
Experience is indeed the best teacher and you wont really be learning out of those success trades or something because this was the outcome on where you are trying out to achieve.
This is why its really that important that on the time you do make out some mistakes, then dont easily quit up but instead you should reassess and trying out to understand on where things become wrong.
You should really be that attentive on where you do commit out errors so that you could be able to make out some adjustments and make yourself that really
versatile for whatever things you do encounter ahead.