Using your mistakes as a stepping stone, it is really important that people gets to know about that. It is not good that you see mistakes as a game over. There are people who wouldn’t choose to learn from their mistakes, rather they will just call it a quit and see their failure as a sign that they are meant to quit. There are people who failed many times, but they didn’t quit because what they are pursuing is something they would love to spend all their time doing.
So, instead of quitting after they have failed, they just use the failure as a stepping stones and keep trying to different strategies until they have gotten it right. So this point is one important point that people needs to pick from here.
Topic: How to Overcome and Handle Your Mistakes in Trading? - page 5. (Read 1347 times)
We all suffered errors and losses when we were beginners, but this matter did not prompt us to surrender and that everything I mentioned is correct and I see that focusing on mistakes is very important as we must all focus on our mistakes so that we can gain the last ones and we also need to learn the field of trading well before Enter it
The best way to overcome mistakes in trading is to learn from them and not to repeat them again. Mistakes will happen as well as losses, that is inevitable so you have to be prepared. That means that you have to have back up plan and enough funds to cover losses without deeper damage. The worst thing you can do is think that you will not experience loss and not make mistakes.
First, you have to learn to trade then you have to create a strategy. Then the strategy should be tested in the live market and if any necessary occur the trader should discuss with the good traders, And you have to trade according to the strategy while keeping the money management right. No trading should be done outside the strategy. This rule must be followed properly. If you follow this rule, if you follow this rule correctly, the mistakes of trading can be caught and corrected.
It's useless when your desire is strong but you don't have the skills in trading then it will only be a loss for you,
This is correct and if you only have desire and no technical knowledge to put it into practice, it becomes a wish. Wishes don't have any effect in human if they are not put into work. So it is important that as we have the desire we should also have adequate knowledge on how to bring our desire into happening.
The simplest formula is to do a lot of research, as one of the biggest mistake is wrong broker and that is where we need to be very careful about. If our broker is not good enough then we will never be able to go anywhere at all, so go to be very careful with it.
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Being positive is really the best way to handle mistakes in trading, i believe that lossing is always a part of a traders life, because even the people who has a lot of experiences on trading may still also loss on it, maybe we should always think in a positive way and continue to trade,be more smart and read some books that can improve your self to become a great trader in the near future.
Being positive but not followed by learning from the mistakes will not make us grow because we will not know what the mistakes are and how to fix the mistakes. We will not have more experience from the mistakes, and we will not have a chance to improve our skills. Have a positive mind to accept the loss, and we spend the time learning will be the best way to improve our skills so that we will not make the same mistakes in the future.
Being positive is really the best way to handle mistakes in trading, i believe that lossing is always a part of a traders life, because even the people who has a lot of experiences on trading may still also loss on it, maybe we should always think in a positive way and continue to trade,be more smart and read some books that can improve your self to become a great trader in the near future.
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 
I don't know what's your definition with a successful trader, but IMO most of us in this board are all sharing tips, advices and deeper understanding about trading. So, most probably everyone of us here are still learning how to become successful in this field.
I'm afraid the most successful ones doesn't have enough time to bother trying to educate everyone. Like I always say, If you have excellent market analysis and extraordinary skills in trading, then it's better to monetize it rather than sharing it for free. If you noticed there are a lot offers in trading course.
In fact, there is not much that can be done with mistakes, but it must be done.
The first thing you should do is get out of negative thinking after realizing the mistake.
Next, you must make every effort to restore the damage caused by the mistake. If this is not possible, you must identify why the error occurred so that it would not be repeated in the future.
The last point will be to forget and move on.
The first thing you should do is get out of negative thinking after realizing the mistake.
Next, you must make every effort to restore the damage caused by the mistake. If this is not possible, you must identify why the error occurred so that it would not be repeated in the future.
The last point will be to forget and move on.
Other users have already commented, but it is something worth repeating, use the search engine and perhaps the context of your OP may be better, since in reality many have the same concern. Important each experience is unique and for this reason perhaps the mods give everyone the opportunity to express themselves, but a filter certainly helps the debate.
On-Topic: Mistakes in trading are part of the process, is where you do things right and everything can go wrong, the mistakes that are made in trading "generally" is due to the influence of third parties, you have than learning to differentiate that, not all the negative results are your fault.
Then define well what your mistakes may be and which are the inevitable, since they do not depend on you.
On-Topic: Mistakes in trading are part of the process, is where you do things right and everything can go wrong, the mistakes that are made in trading "generally" is due to the influence of third parties, you have than learning to differentiate that, not all the negative results are your fault.
Then define well what your mistakes may be and which are the inevitable, since they do not depend on you.
If you are mature enough to accept your losses in trading then probably you can easily overcome and handle all your mistakes more effectively. Only the traders who are finding themselves frustrated after doing a mistake and then facing losses, may not able to handle mistakes as a step stone for their career growth. You must do lots of mistakes in your trading when your capital is small because in future you may develop your trading with the multi-fold capital and then you should never repeat same types of mistakes so that you can secure your capital which must be the first step toward making good profits.
When we take time to analyse why we are doing mistake and what are things we must need to take care so that we can avoid such mistakes then over the time we can simply avoid all the mistakes. This is all about continuous learning. We can make mistakes but we should never repeat mistake.
Another reason why we have always mistake in trading is the greed. I know that most of us are greed to take higher profits since we should maximize our profits. Besides, this is the reason why I fail to make money because I am greed even before. The difference right now is that, I learned to stop my losses and take profits when I feel that I need to sell out my hodl coins.When we take time to analyse why we are doing mistake and what are things we must need to take care so that we can avoid such mistakes then over the time we can simply avoid all the mistakes. This is all about continuous learning. We can make mistakes but we should never repeat mistake.
Every mistakes leaves us a scar. It is up to us on how we will look to the scar. We should not let our mistakes dominate our entire life. We should always have plan to overcome difficulties in trading. And we can only do that if we won`t quit at all. Remember, scar symbolizes courage.
If you are mature enough to accept your losses in trading then probably you can easily overcome and handle all your mistakes more effectively. Only the traders who are finding themselves frustrated after doing a mistake and then facing losses, may not able to handle mistakes as a step stone for their career growth. You must do lots of mistakes in your trading when your capital is small because in future you may develop your trading with the multi-fold capital and then you should never repeat same types of mistakes so that you can secure your capital which must be the first step toward making good profits.
When we take time to analyse why we are doing mistake and what are things we must need to take care so that we can avoid such mistakes then over the time we can simply avoid all the mistakes. This is all about continuous learning. We can make mistakes but we should never repeat mistake.
When we take time to analyse why we are doing mistake and what are things we must need to take care so that we can avoid such mistakes then over the time we can simply avoid all the mistakes. This is all about continuous learning. We can make mistakes but we should never repeat mistake.
Greed is the most emotion that will come out once you are doing great.
I have done it before and I had learned from it.
You already won a nice amount and yet you are still waiting and looking for more.
That mistake is because of lack of plan.
If the plan is to win just $100 a day then stay with it.
Greed will come and you want $150 on the same day even if you are already sitting at a nice profit.
Before starting to trade, each trader must draw up a plan of his activity, taking into account all the options for the development of further events in the cryptocurrency market, while you need to be prepared not only for the positive, but also for the negative scenario. In addition, greed may not concern precisely those traders who rationally evaluate their capabilities, especially if they do not go against the technical analysis of the selected cryptocurrencies. I have done it before and I had learned from it.
You already won a nice amount and yet you are still waiting and looking for more.
That mistake is because of lack of plan.
If the plan is to win just $100 a day then stay with it.
Greed will come and you want $150 on the same day even if you are already sitting at a nice profit.
Greed is the most emotion that will come out once you are doing great.
I have done it before and I had learned from it.
You already won a nice amount and yet you are still waiting and looking for more.
That mistake is because of lack of plan.
If the plan is to win just $100 a day then stay with it.
Greed will come and you want $150 on the same day even if you are already sitting at a nice profit.
I have done it before and I had learned from it.
You already won a nice amount and yet you are still waiting and looking for more.
That mistake is because of lack of plan.
If the plan is to win just $100 a day then stay with it.
Greed will come and you want $150 on the same day even if you are already sitting at a nice profit.
There is saying that in every mistakes there's always a lesson from it, and that's true were it was proven and tested too.
Because the more failures we face in is the more we learn how to stand for it. Through with those mistakes, it became a bridge
for us to become successful in the end as well.
Because the more failures we face in is the more we learn how to stand for it. Through with those mistakes, it became a bridge
for us to become successful in the end as well.
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Activity: 2912
Merit: 541
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Basically most people judge the crypto trade, a "mistake" is one thing that often happens and is reasonable, but for that, if I make a mistake in trading, going forward, before trading I have a plan from the beginning in doing so which crypto should I sell / buy, long or short term, if the crypto potential to get a smaller profit I will cancel the purchase of crypto ,I can't repeat the second mistake.
For that, I also have to pay attention again about this price movement can help me in overcoming mistakes and avoiding the risk of failure.
For that, I also have to pay attention again about this price movement can help me in overcoming mistakes and avoiding the risk of failure.
If they judge crypto trading, I think it's because they don't learn about trading, so when they can not make a profit, they blame other people who suggest them to trade. If they can spend their time to learn many things about trading, I think they don't have to get lost, but they will have a chance to make a profit. In the crypto trading, we need to have knowledge and skills to analyze the market, but if you can not analyze the market with the right, it will be no problem because you can still learn how to avoid the mistake.
Basically most people judge the crypto trade, a "mistake" is one thing that often happens and is reasonable, but for that, if I make a mistake in trading, going forward, before trading I have a plan from the beginning in doing so which crypto should I sell / buy, long or short term, if the crypto potential to get a smaller profit I will cancel the purchase of crypto ,I can't repeat the second mistake.
For that, I also have to pay attention again about this price movement can help me in overcoming mistakes and avoiding the risk of failure.
For that, I also have to pay attention again about this price movement can help me in overcoming mistakes and avoiding the risk of failure.
One thing to consider is that, don't afraid to make a mistake. Be afraid of making a mistake and not knowing what to do after making it. Mistakes are learning lessons for each and every one of us. Stop considering winning, especially from the start. You don't really learn anything by winning. Even if you accidentally trade successfully and made a huge profit, by the time you do your 2nd or 3rd, you'd probably realize that "ah, I was just lucky" kind of thing. Mistakes are like Thanos, and if I were to quote him, "I am the inevitable". It'll happen, sooner or later. Don't even bother comparing yourself to the Avengers though, the inevitable naturally comes, whether you delay it or not.
I believe that mistakes are part of success. You will never learn if you do not make a mistake.But the most important thing there is you learn how to accept it and learn from it. In trading we always have to be careful in every move we do, because if you always do the same mistake your capital could be depleted. Don't get tired of doing research this will help you become a good trader.
Be a smart trader, learn from others mistakes so you won't lose your money while learning which is effective when you are already in crypto trading field but when someone is completely new they can only learn from their mistakes for that they can use demo accounts as well if they don't have enough money to lose while learning.They can also start small if they don't have that much money.
Another thing is that people are giving a lot of tips here in the forum. It is full of information about what you should do and what you shouldn't do. It is not just that, people are even sharing their trades and predictions here that you can cross-reference that to other trader's predictions. Although experience is still the best teacher, having knowledge beforehand is better. This forum is like a complete package for us traders and investors.
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