Quote from: MarjorieZimmermanGinger on Today at 04:25:57 AM

Quote from: Man of peace on August 20, 2025, 04:53:03 PM

Prediction can sometimes favor you or fail you, because trading is also a game of luck and there's no one person that is perfect in prediction, just that when you are favored, it looks like you're the champion but I tell you that no champions forever.

In trading, failure is indeed a problem we can never avoid, but how can that failure become a catalyst for change after so many failures? Of course, it's not as easy as it seems because talking about failure in trading plays a psychological role, especially when talking about the amount of money we've lost. But this is where emotional control lies for someone who wants to achieve success in trading, because every failure must be a prerequisite for achieving success. I disagree with saying trading is a game of luck, because it requires knowledge to get started, and talking about luck is akin to gambling. In context, you won't always profit in trading, but how to maintain opportunities to continue in a situation that is not detrimental even though you also lose occasionally.

What we must realize from the outset when trading is that we must recognize that profit and loss will always go hand in hand; we cannot eliminate either one. But can we minimize losses? Of course, we can minimize losses by improving our knowledge and skills. But can we avoid losses when we become highly skilled? The answer is no.

Even professional traders still experience losses, but the difference is that they can remain calm when they experience them. Furthermore, they can quickly regain profits because of their experience.