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.
Trading is not an easy way to make money. Many people consider trading platforms as an easy way to make money. People who consider trading as an easy way to earn money end up losing money on trading platforms. Here your friend might have lost money most of the time on trading platform which is why he said that. I am also involved in trading platform I don't trade regularly but I continue with trading most of the time but I understand trading platform can't be too greedy trading with passion. But if you gain some experience from the trading platform, you can earn money from it.