Quote from: SuperBitMan on Today at 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.

Yes, of course. A friend of mine was a trader. In the beginning, he traded on the advice of his advisor. He made a lot of profit. But later, when he started trading on his own, he kept losing a lot of money. Keeping that loss in mind, he kept making mistakes again and again. We tried to convince him that he should start afresh without thinking about the loss. This would help him to make a profit again. But he did not listen to us and did not tell his advisor about such losses. At one point, all his money was gone. Then his advisor told him that I told you that if you ever lose, then start a new business without thinking about recovering that loss. But by trying to recover that loss, you lost everything.

Later, he understood. And now he has started afresh. So it is wise to accept the loss without thinking about recovering the loss.

Mehmet69

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