So many lessons that we get from trading but not many of us can learn and solve the problem. Mostly return to trading because of revenge trading which I have experienced many times. It is not easy to manage our emotions after losing in trading. But my friend said that we must quit the market to calm down our emotions.
Well, that is right and I agree with him because if we stay in the market, our mind will think about previous losses and we hardly accept the loss. If we can cut it down by leaving the market, we can refresh our minds and reduce the emotional tension. Once we return to market, we will not rush to enter the market because we will carefully analyze the movement.
Revenge trading is such a toxic concept and our emotions and mind plays a huge role in it. I wish people could learn to make a lot of money by just ignoring previous trades, or just learn from them. I have made a lot of mistakes in my life, one of them is not learning from my mistakes.
I didn't do revenge trading, that is different, but I made mistake and lost money and I didn't take a second to see what went wrong and why I made a loss. What made me a better trader was learning to go check what was the issue, the more I researched my mistakes, the less mistakes I started to make and obviously the results followed that as well. That is a very important deal, and we could definitely get a greater result with it without a doubt.