Quote from: jostorres on September 22, 2023, 06:48:59 PM

Quote from: rozak on September 22, 2023, 04:11:03 AM

I've also had trouble following FOMO in the past. I am very slow in understanding things, in fact, I have to lose quite a lot until I can finally overcome the problems within myself.
I don't know the reason why I tend to get caught in mistakes that I have actually experienced. I have tried to be careful and tried to be consistent with planning, but to be honest, it all requires a process that is not instant.
it all depends on how they can control themselves.

We've all been through it, and there is no exception for anyone in this. Anyone who gets into something as a newbie will have to face difficulties initially and then they start learning everything with time and then they start realizing what mistakes they've been making throughout this time. I once lost about $2,000 just because of FOMO, I bought when everyone started selling and the token was dumped very badly and I was left with nothing but dust.

However, the problems and mistakes make us stronger as a person and as a trader as well. The money that we lose will teach us a listen that we will remember for the rest of our lives and that is more valuable than the money itself. We should strive to learn and grow and never give up.

that is a valuable lesson. because everyone learns in different ways to ultimately become better. like what you and I experienced, and maybe more traders also experience something similar. and this valuable experience makes us better at making choices.
Maybe there are people who are successful in very simple ways without even experiencing losses. it may be because they learn from other people's experiences and become more careful. while some other people choose to learn from their own experiences.
all of which make us wiser in the future. making the choice to trade or exit may sound easy but for those who are beginners, it will only be influenced by ambition and greed.