Quote from: Gooner0 on August 17, 2024, 07:37:22 PM

First of all you have to see to it that you are psychologically prepared to trade, you need to build confidence..
No matter how much you've lost you need to take a break, get your mind off do something that can help build confidence, restrategize

Being confident by preparing ourselves mentally are kind of things what mentors do teach to their paid subscribers or beginners but I am not seeing nothing works at the end of the day in day trading. Still what I agree with you here on this topic is, never treat market as your enemy for your loses. It is not the market which took your money but a fellow trader who is just like you but another person, that's all.

Taking a break may get you forget all your bitter things which just happened in your last sessions of trading. Other than this, no other benefits we can enjoy in your trading after a break. Re-strategize will help you to delay your next trade but I am 100% sure your new strategy got nothing to do with your next result. In other terms, your profit making chance is purely depends on your luck in day trading.

Quote from: bitLeap on August 17, 2024, 08:22:53 PM

Instead, trade seriously and carefully as if you have no more capital because that way you will demand yourself to focus on avoiding mistakes.

If we are capable of avoiding mistake then we can be billionaires out of trading for sure. But the truth is market volatility will enforce the traders to commit the mistakes, no escape from this. In other terms, there are millions of possibility for missing something in day trading; your memory power will not be enough to remembering all your past experiences to avoid your mistakes even if you are careful on not repeating your own mistake, there are other pits to fall into.

Quote from: Issa56 on August 17, 2024, 08:39:57 PM

Instead of trading, you can just decide to invest, and if you're investing, make sure it’s in bitcoin.

Yes, it is the only alternate for trading. People look for recovering their losses only from trading but they will quit trading when they realize about the possibility of recovering their losses in 100x from investing for years.