Quote from: GeorgeJohn on Today at 08:44:13 PM

Quote from: Timmzzy on Today at 08:11:32 PM

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

Hello Folks,

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.

Can you share your experience of how you were able to put up courage and come back to trading? I will also want to inquire what action should somebody take if he/she finds himself in that position.

If it's possible to not lose in TRADES I think will should have a lot of traders in the market starting from the age group of 10yrs old... Grin

, even till date I still have losing trades what I do is go back to Cross check what made me lose that trade...

Losing in trade is not something we should proud of, because our losing in trading occur due our mistake and sometimes such loss occurs when we fail to take a correction, that is the reason while we should learn the basic things that's related to trading before we venture into trading, losing in a trading give more experienced if actually you can be able to figure out where the problem or the cause of you losing, but some people doesn't know that losing in trading is another way of educating us of the possible way of overcoming such kind of lose, from my perspective its necessary that a trader will experience lose but the issue is that a trader should be able to detect what makes it venture into lose so that it will be able to amend such lapses when it try to reoccur in the next trade, but none smart trade allow such mistake to occur severally before it can be corrected.

By educating ourselves on trading we stand a better chance to succeed at trading than learning fr the experience of failure.
One other glaring point to note is that, learning to interpret price patterns and graphs will put a trader in a better position to withdraw or continue with a trade.

The confidence to trade is gotten after several attempts, bet it resulting in failure or success, one simply gets to understand why a certain strategy is more profitable than another, else, why trade with different concepts for best profit taking.