Quote from: Mame89 on Today at 03:37:45 PM

Quote from: MarjorieZimmermanGinger on April 20, 2025, 06:44:06 AM

Quote from: edy_58 on April 19, 2025, 08:57:46 AM

It is true that when we continue to experience failure, it will certainly be difficult to find sources of capital that we will use in the next trade and I think it would be better for us to re-learn the mistakes that made us fail when trading while collecting capital for trading because without understanding the mistakes we made that resulted in losses, we will experience the same losses again when we return to trading.

First of all, practicing trading skills will of course be very important in order to be successful in trading and we must also be prepared for failure and it is true as you said that it is not easy when experiencing continuous failure, so it is very important to first study well before deciding to trade.

If you do not have good skills, then you should not be too hasty to get directly involved in trading because it will be quite risky to get involved in trading when someone does not have good knowledge. It is difficult to survive in trading when someone experiences continuous losses so what is needed is to train skills to be better before getting involved further. The mistake many people make in trading is like gambling because they think they can get lucky when they get involved in it.

This is a wrong step because without knowledge and experience trading is not something easy to do so forcing yourself will not provide any benefits. It is better to practice skills first and if you want to be directly involved then use a much smaller capital so you can avoid big losses when learning to trade.

Mindset like gambling must be avoided from the trading world, even in the gambling world having a mindset of gambling as a way to get rich quick is a mistake, especially in the trading world which is full of risks and full of complications. Skills and mindset must be right when entering the trading world, so that this makes us feel comfortable even though when trading experiences defeat we do not panic, in fact by experiencing loss we can learn from mistakes and rearrange strategies.

So indeed when entering the trading world it is very important to have the skill to master trading knowledge sufficiently so that we can always think positively when experiencing loss. Because believe me all traders must have experienced loss, and traders who can make it an experience will slowly succeed in trading.

You wont be able to survive if you would be having that kind of mentality on which you would be making trading to be some sort of gambling on which this is really that very wrong. Never ever having that kind of mentality or approach because it will be that bringing up that even more loses since you wont be applying out any analysis into your further trades on this case. Always think off that loses are always been part of the journey or on this career on which this isnt something that you can be able to avoid. Instead on trying out to be a perfect trader, then it will be that wise that you should be that anticipating for upcoming loses and instead on freaking out it will be that much more better that you do set out some back up plans just incase if this do really happens. Its that too easy to say but when you are on the actual situation then this is something a very hard thing to be stopped specially it do deals up with emotions. We do know that when it comes into this aspect not all people or trader will be that good when handling out their emotions and mindset on which at the time that you will be experiencing some loses then you should be that prepared for that. Trying out to control up your emotions and same goes into the mindset that you do have because usually at the time that we do lose then we are derailed into the plans and analysis that we had made out earlier on which this do results up on messy plans on which it will be leading into further loses. You do become that a gambler if you would go out of your analysis because trading isnt supposed to be treated up that way. There are just that those people who cant be able to realize on how this market behaves or works. You do need to have that positivity despite of the loses you do have because most of the time traders do become that having those regrets and never look back once they do experience a single or couple of loses.