Quote from: SmartCharpa on Today at 12:57:35 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.

This thing go really help many people wey just dey start trading. Most new traders dey enter market with the mindset say them go recover all the money wey them don lose before. But e no dey work that way. Sometimes you go lose money, and you just need to accept say that day no be your day. But some people go dey rush enter more trades just to recover fast. That rush dey make person lose focus, and once your emotions don take over your head, na mistake go start.

Before you know, you go lose everything. Even your savings go enter the matter, and you go begin regret why you no just relax when you loss from the beginning. Loss sef na part of the game, accept am, learn from am, and come back stronger, no dey force profit. Calm down, plan well, and wait for your time, the market no dey run, and no be to win everything in one day.

A trader always wants to gain knowledge and make more profit from the money he trades. He has to develop determination within himself and achieve it. His strong morale and strong determination are the reasons for his victory. A successful trader always follows his past mistakes and tries to move forward. Especially when they lose a lot of money, they spend more money in trading. But many times they are forced to lose money because of their wrong decisions. If a trader can always make thoughtful decisions, then he can be expected to be successful in his business.