Quote from: kamvreto on February 28, 2024, 11:57:55 PM

Quote from: snowpega on February 28, 2024, 09:20:26 PM

~snip~Let's say dear if one has lost all his/her money in trading how will he/she survive further? The stages of the traders are not always the same sometimes they make good profits and sometimes they have to bear big losses due to unexpected market behavior and many times their trades get traped so I always recommend that do not take trading like a job you should have a strong source of earning. Many Thanks!

Profits and losses must be considered too, both will definitely occur but minimizing losses really must be done. Don't suffer large losses due to unpredictable market conditions, you must have a backup plan so you don't lose too much. Trading is a job that really has to be taken seriously, it is a job that has to be treated quite differently, because it will be related to the profits you will have.

In trading profits and losses will go side by side and they cannot be separated from each other. We cannot continue to get profits and we cannot continue to feel losses if we really understand trading, even a professional trader still experiences losses, which is why we must know that both cannot be eliminated from trading.
One of the ways that we do not feel too big a loss is by setting a stop loss, it is the most basic way that can be done. Apart from that we also have to trade under certain circumstances, in my opinion it is not recommended to trade in a state of emotion or in a mental situation that is not very good, because it will affect our market decisions.