Post
Topic
Board Nigeria (Naija)
Re: Learn how to accept your loss as a trader.
by
Makus
on 13/07/2025, 23:01:57 UTC
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.


Once a trader start thinking  about recovery back his losses, there is a high percent  chance that he'll start making decisions like a gambler. And that's why it's best to have routine or something that can clear your mind or take your mind off chart for a while. I stay round lots of trader so I understand what it means to have a routine, it could be a sport it could be a game, probably online game where you can relate with others or even if na whot card, poker or ludo, or even sport, I recommend sport. And try set daily target for loss and profits, say If you hit so so profit you go stop for the day, and continue the next day, just like that you go observe say the next time you enter chart e go belike say you don forget about the loss. So that you fit focus on using knowledge to do your tin instead of emotion.