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?
My first trade is loss one. After that, I always maintain a
trading journal to track the records of each loss and profit. Also, I mentioned every reason for my losses and profits in my journal. The better option is to learn from mistakes.