Quote from: Odohu on September 11, 2023, 11:19:07 AM

Quote from: Davidvictorson on September 07, 2023, 02:37:32 PM

I find it frustrating when my price prediction for the market fails.

If your price prediction fails and you feel bad, then risk management was never in place and fully incorporated in your strategy. As a matter of fact, one of the best winning strategy is being able to manage your losses because they will always come... no system or strategy is perfect and like it is always said, nothing is guaranteed in this market.

What we are doing is a game of probabilities so you just have to development a system that give you edge over the market with risk management in place so that your winner is far higher than the losses... that is how to survive. The last time I checked, we are little fries in the market because our capital cannot move the market much... so don't ever think you can predict the market accurately all the time because you won't.

If you ask me, I will suggest you refine your strategy to integrate risk management and also go for trading psychology course that will further help you manage your emotions and give you the balance you need to remain happy and stable irrespective of the outcome of your prediction.

People should realize that one thing which its true that there's no system or analysis that would really be that perfect on which means that outcomes would really be entirely be that random basing up on the market sentiments around which anything could really happen and there's no way on stopping it completely which it would really be resulting neither positive or negative with your trading positions
and this is why its neither a profitable or a losing kind of trade on which it is really that something that you should anticipate so that you would really be able to make yourself that prepared and dont get that kind of extreme frustration which might lead into that impulsive decisions into your trading decisions and this what makes you boggled up on what things that you must do.

On the time that you are in the verge of huge disappointment and frustration then it would really be just that better that you should really be assessing on what things makes wrong and move on
simply because market is never been that too kind and would really be having those opposite take of directions which would really be resulting into those negatives or losses.
Call it a day and move on the other so that you wont really be keeping yourself going back and blaming yourself on what you have done which it isnt really that recommendable.