Quote from: doomloop on Today at 03:42:50 PM

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

We all know how profitable trading can be and how frustrating it can too, but nevertheless never try to get back at the market.
Just because you've lost a lot doesn't mean you next strategy is getting back all your losses on one piece . No!
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
Trade risk free, trade like you haven't had any losses not like a gambler.
A friend of mine who lost hope in trading was advicing some one else , he said " if you wanna go into trading you need to have a family doctor close by"😂
I laughed my eyes out, but in order to avoid the same ordeal he went through I learnt to trade this way, I make sure I bear in mind that no matter the outcome I'm ready for it .
This is how you trade, it's all about composure, belief etc.

Being ready to accept any outcome is the first thing one should learn when they are getting into trading because no matter how good you become, you will not always be able to predict the moves of the market correctly, and there will be times when you will need to suffer losses and that should be okay for you because you should have your mind prepared to accept that. When you get into a volatile market, you should understand that there are going to be risks involved.

People who lack patience can barely become successful traders because they will give up easily. No matter what you do in this world, you can't become successful in the first attempt, even if you do, you shouldn't expect to stay successful forever. There will surely be ups and downs in the journey, so be ready for it.

Expect every possible out come and this would really be the key and this isnt something that will really be that making you that too impulsive because on the time that you had experienced something on which you hadnt been able to accept then you would really be finding yourself to be that highly reactive and because of that then you would really be that making actions on which arent supposed to be done. Just like on what others been saying above that you shouldnt really be that making yourself that chasing up those loses or simply making up some revenge trades because most of the time on which these kind of trades are really that having no to less analysis kind of trades or simply it is really that been driven with emotions and thats why it will really be not that always a good shot to be done by someone on the time that they do make trading.