Quote from: Yamifoud on July 28, 2023, 09:56:00 PM

Quote from: carlfebz2 on July 28, 2023, 08:44:55 PM

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What matter the most is that you would really be able to make out back up plans whenever you do lose a said position because not all would really be that having that kind of emotion control
and able to mind off completely on what you should do whenever the price would really be going into the opposite side. Its ideal that you should really be having this behavior.

Indeed, we need to monitor our trading results in order to find out if still doing well. Yes, losing is a part of trading but we can't just let it happen always as for sure there is a problem with our plan and strategies. It is every that we know how to correct our mistakes as this is the only way to avoid big losses. It really has to deal with the situation because not all the time do our strategies work so well, sometimes we need to try different as well to suit the current trend and this is the thing that most traders had missed.

I would like to say that a trader must have a good idea about his trading results. By observing the results, he can discover his faults when he has a full idea of how well or badly, he is doing. When a trader makes a mistake, he can also learn from it. If you make good analysis about the things that create the possibility of loss in some cases, then the possibility of loss in trading can be reduced to a large extent. In some causes there are no rules and regulations in trading, but in most cases, if the trade can be taken by doing good research and analysis, then the risk of loss will be reduced.