A ton of lessons to take away for that.
Let me tell you the simplest way.
You can only master trading or become master in trading when you will start treating it as a business.The day you start treating trading as a business,maximum problems will vanish.
Ask yourself do you actually treat trading as a business? Or are you convincing yourself that you are treating it as a business.For most of the people,treating trading as a business doesn’t clicks.Because if you go through your trades and cross-check them,you will begin to realize that for most of the trades you don’t stick to your plan.
If you are TRULY treating trading as a business,there is no doubt that you will be sticking to your plan 95% of the time.Because that’s how you scale the business.You don’t scale the business by taking trades that doesn’t make sense or are illogical.You scale by executing trades that are logical and follow your system.
Just know that following your trading plan does not guarantee you 100% success in your trades. You will most likely lose trades and even the best of your setups can fail you and you may begin to doubt your strategy whether it is really worth keep banking on or not. But relax, trading is not 100% wins, you’ll have to encounter some losses and they’re part of the game. How you are able to control and your manage your losses is what guarantees you how well you’ll farewell in the market.
Treating trading as a business is not a bad one because anything you take as a business, you’ll manage it well in such a way that you’ll avoid losses no matter what, so you’ll make sure that every trade you’re taking you’re risking well to what you can afford to lose in the trade. Trading is a long time journey of understanding and continue learning and the more the time you spend on it, the more better you get at it.