Quote from: Jody.Drummer on September 23, 2023, 10:50:30 AM

Quote from: rozak on September 23, 2023, 05:59:00 AM

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

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.

In addition, it is very valuable on the other hand, I think that is the only important point that we can make a reference for a better future, you are right and of course everyone, especially those novice traders, comes with different traits and also with different knowledge and understanding. They always have the best ways and assumptions according to themselves to make progress, everyone as a trader will definitely experience such phases and conditions as their starting point to success. As we know that trading not only requires deep knowledge and understanding but we also really need a good personality, especially in terms of responsibility, they must also have a strong mentality like a warrior and psychology that is always good. Because obviously those three things will always launch and help their trading plan will run as expected.

I think experience in trading is the main thing, which means learning from a bad experience that we have experienced and also maybe we can see how other people's experiences, there we can do self research, take the positive side and discard the negative, obviously it will make someone more advanced and developed. As we know learning from experience will always be the best way for a better future. So the point is that we have a lot to prepare as traders, mental, psychological is very necessary because only that can be used as a balance to minimize losses and achieve the expected profit.

Just dont really make yourself that impulsive or do lack some patience because this is usually the issue for those people who do tend to start up with trading venture but since they do lack knowledge and experience then those emotions would really be the main culprits on why they would really be that subject into lots of errors and mistakes which causes up for losing money and this is something that you should really be that
trying out to adjust if you do want to sustain into this market. Feeling of FOMO is really that common among newbies or even to those old timers because we dont really know on how the market would really be behaving and if positive sentiments had been spammed out on the market then even to those old or veterans are still that prone or really that subjected on getting that FOMO feeling on which it is really just that normal on having that kind of emotion since we are just humans. Actions would be made would really be entirely depending on how experienced you are on different market conditions or situations on which
you are really that making yourself that wary on what are the things that must done.