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.
New traders entering the market have the mindset that they expect to make double the amount of money they invest. This is a familiar misconception. They may have little access to money or they may not have much experience. They may lack the patience to keep going. They may not know the mathematical formula for making money. Most traders do not lose money trading. They sell at a deliberate loss for fear of losing their all capital. They do not have the knowledge or skill to accept losses that were needed to increase the size of their portfolio in the market.
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.
Accumulation without trying to recover losses. Adopt a slow-moving policy instead of being aggressive. Even though the buying power for high, you should remain steadfast in the policy of avoiding aggressive mindset. Develop the habit of accepting losses and continuing to buy regularly to check how capable you are in keeping yourself in tune with the market situation. You should expect to move forward by accepting losses and expand your vision towards long-term investments. Here, keep a long-term plan with your short-term trading. Don't lose your focus and goal . Have patience for the growth of wealth and be honest in using your discretionary Income wisely.