Quote from: onecall123 on Today at 02:39:57 PM

Quote from: laubeaud on July 05, 2024, 05:10:07 PM

After many years of experience, I realized that losses are part of the proccess trading. Losses happen to the best traders. The best traders I know do not have a 100% win rate.

When I take a loss, I sit down in order to:
a) review the trade
b) learn from my loss

What do you do when you take a loss?

Everyone has their own theories, but they should see how others do it. I'd love to learn from others.
Trading isn't just about making gains; it's also about minimizing your losses. I lose about 50% of my trades, but my stop losses keep those losses small. So, managing risk is a big part of trading, and I'll never stop encouraging others to use stop losses.

Yes, I quite agree with your idea that usually every trader has a different trading style, meaning that we can get a lot of knowledge from other people by sharing knowledge with each other and then studying it and as a stage of adapting to other people's strategies, and Of course, trading is not only about the opportunity for profit, but the possible risk of loss will also always be a part that can never be separated as long as a trader is involved in this activity.

You can gain profits in any amount when you have a lot of experience and knowledge as a result of the learning you have done, but it is a fact that all the profits you make will easily be lost again due to losses if you do not have good risk management. it's useless if you have a way to make money but if you don't have a way to prevent losing it, and one of them, as you said above, is with a stop loss, by implementing a stop doesn't mean you will completely avoid losses, but with risk management In this way you will avoid the possibility of losses in amounts that are too significant, a good balance when someone is involved in trading is when they have a way to prioritize profits but also maintain the profits that have been made.