Topic: How to Overcome and Handle Your Mistakes in Trading? - page 2. (Read 1373 times)

As a beginner, I had a lot of mistakes that even led me to think of stopping trading and even investing but that also led me to think that it might just be an obstacle I should cross. It made me think of reading some articles that can help me and learned from my mistakes all the way through.

In my own experience in order to overcome my incorrect decisions in trading or in other things that I am doing, I am determining why did I make a mistake so I can create a countermeasure to it. So the next time I trade I will be very careful so same mistake will not be committed again.

As you progress throughout your journey in trading you will know that you made a lot of mistakes. You can’t make improvements if you made the same mistake all over again. You must know how to minimize these risks and focus to strategies that have high potential win. Learn every single day, some people don’t develop themselves and become lazy. It’s the main reason why people quits and easily give up.

As you progress throughout your journey in trading you will know that you made a lot of mistakes.

You can’t make improvements if you made the same mistake all over again.

You must know how to minimize these risks and focus to strategies that have high potential win.

Learn every single day, some people don’t develop themselves and become lazy. It’s the main reason why people quits and easily give up.

In my own experience in order to overcome my incorrect decisions in trading or in other things that I am doing, I am determining why did I make a mistake so I can create a countermeasure to it.

So the next time I trade I will be very careful so same mistake will not be committed again.

Education and experience are important and this is should be our priority when we do trading. Mistakes are normal because there is no trader who can fully predict what will happen to the price that he/she trading. Handling mistakes are sometimes hard for other people because they keep doing the same mistakes over and over again. For those traders out there, you can easily overcome it by accepting it as a lesson and learn from it. If you will ignorr your mistakes, for sure you will do it over and over again.

Indeed its quite normal to commit mistakes but the important thing is the lesson we learn from it.

Improve your knowledge, never stop learning even you're an experience trader already. Because it can help us to be successful here because trading is not as easy as it seems.

Mistkes is all people do that even they did not want because they have times that we don't know wihat will happen.
But the importnat of every mistakes is we should learned from it and we better and now once we encountered again we can avoid it .
Don' t afraid to have mistake if you are beginner because it is a step of learning be farid if you do a lot of mistake even you are old trader.

All of us do not want to fail for sure but failure and mistakes are inevitable, many traders and investors are becoming helpless whenever they fail or whenever they did a mistake and for me it is wrong move because it distorts your perception of your abilities. In order  for us to handle and overcome the mistakes in trading the first thing that we should do is to understand our self, we should know why we did such a mistakes. The next is to do action with determination, the mistakes will only repeat again if there is no action that we will do. Then the last is we should have strong belief in our inner self that you can do it. If you will think negative, for sure you will reap negative. If we think that we will become successful then it is good because success is something that we attract.

There are risks in trading and that we can correct the mistakes as long as we will move forward avoiding the risks.

In dealing with mistakes, the only important thing is to quickly get out of negative thinking. Until you have done this, you may not see ways out of the situation and what you should do next.

It defends upon the standing of life.Since the pressure is in due to the mortality of pandemic many people is being lack of confidence to continue in trading ,take advantage is booming around into the crypto market which is actually the effects of panic movement.But finally those kinds of mistaken has been giving us a power and technically to survive.

Mistakes is inevitable and impossible to avoid but you can use it as motivation to manage it properly especially in investing and doing trade. Most of us specially a newbie sometimes do a mistakes in the beginning and later on they are going to quit because they can't handle it properly.
How to overcome and handle your mistakes?
Trading is not an easy money making job without any fear of losing and wrong trading.
Learn from your mistake- Use it to step forward and don't stack to it.
Focus on your mistakes- If you're worried about your mistakes,what will you do to avoid it?Focus on what you've done and you'll be taking a
                                    productive action.
Risk Management- A trader must be a risk taker and with positive mindset.But a trader might be so highly focused on making profit and they don't
                                    realize that they might lose also. Always accept your loses and learn to avoid it next time.
Trading Education- If you learn a basic of trading and develop a reliable trader skills,you will not afraid of having mistakes,instead it will be a lesson
                                    for you to improve and to develop another trading strategy to earn profit and avoid loses.
In trading or investing,you should have an ability to convert your mistakes into learning and development in order to become a successful trader and investor in crypto space.

Additional(EDIT): Those who have experience on how you become successful in trading after some mistakes ,kindly tell your story here so that those who can read will be encourage and learn from different experience and could gain knowledge that they can be use also or apply on their life as a trader.Thankyou

It's not easy to overcome and handle our mistakes in trading, the most important thing we must have strong intentions and desires first.
After that, do the 4 tips that have been mentioned in the opening post, which are learning from mistakes, focusing on the mistakes we
have made, risk management and trading education. Then don't ever give up in trading, even though we can't overcome and handle our
mistakes.Stay patient and keep trying, because in order to succeed everyone has a different processing time. Some are fast, but some
are slow.

I think most of these mistakes can be avoided if you take your time to learn from other people’s experience. Come to think of it, no matter the experience you have in trading cryptocurrency, someone else must have had that same experience, so it’s really important that you take your time and learn from those people that have been here before you and with their experience you can learn and avoid those mistakes they have made.

You don’t have to wait until you make the same mistake before you take correction. If you fail to correct yourself from not repeating same mistakes again and again then you may not be a suitable person to continue in trading. This is something like a bitter fact but we need to realize this and must move on so that we could save our capital from future losses.