Quote from: ancafe on Today at 01:01:54 AM

Quote from: ndutndut on July 17, 2024, 06:25:04 PM

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.

If we have the ability to control emotions, management and have fundamental indicators then experiencing losses when trading does not affect our psychology because we already understand the basics. The mindset of getting big profits from trading carried out by beginners is a mistake because they do not have good knowledge, experience and skills. Trading is not easy to carry out, especially if someone doesn't have the knowledge and it's best to learn first so you can minimize losses.

In essence we have to learn first before getting directly involved in trading and try to take steps in a much smaller amount to gain experience. Once we understand how to do it well, we can improve it slowly so that we don't experience losses every time we trade.

But before you would really be able to do such thing, you would really be still be able to experience those bad decisions which would be ending up on bad outcomes on which we know that this is something that will
really be a normal thing that you would really be able to encounter. On the moment or time that you do find yourself having such struggle then it would be sensible that you would really be making out adjustments according on what you have experienced on which it would really be something a normal approach that you would really be doing. Losing is inevitable or something that cant be avoided but doesnt mean that
you cant be able to lessen up the risks on losing money. This is where experience and skills would really be that relevant or in differences in between traders.

The more experienced and knowledgeable you are the better profit that you could really be able to make. It all matters about adjustment and the things that you
should gonna do on the moment that you do faced up certain conditions and act accordingly basing up on the things that you had experienced in the past.