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?
Took you a while there 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?
.Someone getting into trading needs to do research and gain enough knowledge before they start, and when you are doing that, you should also understand and have knowledge about how losses in trading are a normal thing because it is something you do based on predictions and chart-reading and you can't be right all the time when you are predicting the future no matter how good you are at doing analysis and reading charts.
When I incur a loss in trading, I do the same thing, I don't make more trades before I evaluate my previous trade and the reason why I got a loss, and once I find it, I work on the mistake I have made and rectify it so that it is not repeated again in the future.