Quote from: osasshem on July 11, 2025, 05:34:45 PM

Quote from: SuperBitMan on July 11, 2025, 03:25:48 PM

One of the things that affect some traders is that they don't accept their loss and move on, some traders will want to make back all the money they have lost since they started trading, they carry this as their most and only priority, and that leads to them losing more money.
The reason why you will keep losing more money when you don't accept your losses and move on and stop trying to win back all the money you have lost is that, when you want to win all the money you have lost by all means you become aggressive in your trading and when you are aggressive the effective power of your knowledge will gradually decrease leading to you making mistakes in the course of your trading which will lead to lose, so if you keep trading with the same mindset of winning back all your losses you keep being aggressive and keep losing.
So to avoid more lose as a trader accept your losses and move on, keep an open mind and you will start gaining more than you are losing.
Life happens your loss should be used as a lesson and motivation to achieve success.

With such view and perspective of wanting to get back all your losses, the person will end up losing everything, if emotions are not well controlled. Accepting your losses is a part of the success story along the line, when there is more success, and at that time, there will be story to give out and advises for people who will find themselves in such situation/condition.

When there is a loss, take out time and relax your mind, view each steps that was taken that lead to these losses, research on it and take your corrections, with this, there will be improvements in the next trade.

We must have this in mind as a trader,,…. becoming a good trader you must have this at the back of your mind, in every business is either you gain or you lose. Becoming a good trader is all about knowing is 50/50 in business.