Post
Topic
Board Nigeria (Naija)
Re: Learn how to accept your loss as a trader.
by
Sonia_123
on 28/07/2025, 23:57:17 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.


This one of the major problems of traders.
Trading is like gambling, and so alot of persons that finds themselves in trading should know that any money gone can't be recovered anymore, which this rule is also applied here, to trade what you can afford to lose and not chasing your losses, because you will end up like an addicted gambler.

As a Bitcoinner, it is adviceable not to go into trading if you don't understand it, rather invest in Bitcoin that is stress free, all your have to do is to just keep buying and accumulating and HODLing unto your coins for as long as you want it, most preferably for a long-term not short-term in other for you not to be panicking over the rise and fall of the market price.

I don't think that there is any investor that has lost their investment by just buying and holding it, except those involved in scams, therefore traders should see Bitcoin investment as more profitable than trading, because losing all you have worked for to trading Bitcoin is an error.