Quote from: Rengga Jati on July 19, 2023, 09:23:57 PM

Quote from: Hardkoin on July 19, 2023, 06:46:55 PM

Have you ever had a series of losing trades? In the sense that you go in one direction and the market turns in the other direction. You try to quit the trade and enter again only for the market to revise in your previous position or you have had a series of losing trades that you start doubting your confidence in analyzing trade.

This has happened to me several times, I have experienced many losses in this kind of experiences, so stop for a moment. Because of course there is something wrong or lacking in the strategies and tactics that we use, especially regarding the knowledge we have in trading. In addition, stopping for a moment here is in order to give ourselves time to be better prepared first, by controlling our emotions, so that we are better prepared in all respects for trading.
Then, let's pay attention to how our trading mechanism is, do we just follow other people or do it based on our own analysis.
Analysis in trading is also not easy, let's first evaluate how the trading analysis, related to fundamental and technical analysis, is it really good or appropriate or not.
In addition, our accuracy in the moment to take a position to exit will also have an effect, especially if we start future trading (even though future trading is very high risk and better avoided for beginners).
Loss management is very important especially to control our losses, we also need to see our loss portfolio so we can understand what coins or where we usually experience losses.
Later we will get used to it and will improve our trading strategy based on personal experience. Btw, use small funds while still learning to trade.
#however trading is a risky activity, make sure you understand the risks and are ready for it. If you are not ready to trade, it is better to avoid it and switch to holding (either short term or long term).

Taking time off the market is a good option. It helps to relax the mind and make rising emotions normalize. We all need good emotional balance to trade. Good emotional balance for me equals good psychology.