Quote from: Rruchi man on August 17, 2024, 09:59:15 PM

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

Just because you've lost a lot doesn't mean your next strategy is to get back all your losses on one piece . No!

With proper risk management as a trader, you will lose less. Traders who really understand risk management rarely get their accounts blown.

Secondly, the market does not care if you just lost, and if you trade with depression trying to get back your money, it will eat you again if you make a wrong trading decision.

When a trader is aware of the best way to manage the business, he can be a successful trader, the person will lose but still he will lose less, trading with depression causes a lot of losses for instance you trade and lose and you try to retrieve the money that was lose, you will lose more of your expenditure, you can be a successful trader by understanding the ways and how trading work.

Quote from: ndutndut on Today at 01:20:22 PM

Quote from: hyudien on Today at 07:50:56 AM

I agree that when making a mistake it does not mean we are bad, because mistakes can happen anytime and anywhere and can be considered something natural. But the problem is that some of them misunderstand the natural here and that is not justified, we cannot justify mistakes that continue to repeat themselves, because following the logic at the beginning which considers mistakes to be something natural. We are required to always correct mistakes so that they do not happen in the future.
For example, I know that what we did before made us lose and we conclude it as a mistake. But at the same time we still do it again in the future, clearly that is a stupid thing.
We must remember that trading will be very sensitive because it is directly related to our finances, we must be smart about this.

The point is, make mistakes as learning, because in trading sometimes we can get new knowledge or new strategies from a mistake. So, in trading it is natural for us to make mistakes, but if we continue to make mistakes, it becomes a problem, you need to evaluate your trading properly.

Because it must be admitted that one way for us to continue to learn from mistakes when doing trading activities is to evaluate ourselves and improve all decisions from every mistake we make. The mistakes we make as traders can lead to losses, because the capital we have will be reduced and wasted.

Make every trading mistake as an evaluation material and take a lot of knowledge from these mistakes so that in the future trading can be even better. Of course, the most important thing in trading is not to take revenge on the market because it is the same as us not being able to control our emotions. Whatever we do without being able to control our emotions will result in greater losses.

Trying to take revenge in trading is like punishing or making your own life miserable, because at the end the revenge will fall on you and you will be a loser, when you make mistake and learn from it, the knowledge and what you have learnt from the mistake will serve as a key that will guide you in feature trading, and it will make you a successful trader, it can't prevent you from loosing totally but it will prevent you from loosing unnecessarily.