If there are other reasons why traders lose money, share them with me.
That's why we cannot completely avoid losses when trading and even though the strategy we use is quite consistent, there are times when we are at an unprofitable moment. Discipline, lack of knowledge, not having a trading strategy and overtrading are the reasons why someone does not have the knowledge to carry out trading correctly. So they do not have the ability to minimize the risk of loss and they also do not understand when to stop to take a position to exit a trade.
The most important thing is that people must understand that trading cannot always provide profits and this must be a reference in order to be better prepared to face the risk of loss. If you experience a loss in the previous trade, then in the next trade you must be able to cover the loss. That's the real way to trade to avoid repeated losses.
Agree. We must understand that trading is not always profitable, sometimes we have to face losses. This mindset actually must be had in every trade, because with this mindset we continue to be careful when trading. Many beginners think that trading always provides multiple profits, so they lose a lot in trading because of their wrong mindset from the start.
Trading knowledge is not just about buying and selling, but you also have to have the ability to analyze the market, especially since the market is very volatile at any time, so reading the news or following crypto developments must also be done at all times so that we can minimize losses. Make every trade a lesson for every decision you make, both when you make a profit and when you experience a loss.