Learn something from your mistake will be the most important thing that you must-do if you want to be a pro trading because you can search the mistake first, and you will know what part you make that mistake. The next thing that you can do is search for how to fix or solve the problem so that it can give you time to search for another lesson or how to fix that mistake. If you can fix it, you can improve your analysis skills, and you will be able to avoid the same mistake in the future.
Perhaps, it will not easy as it said because we need to focus on searching on the mistake, and we need to separate part by part to find that mistake. But that is what we need to do to learn from the mistake. You need to learn more about trading, so you will have another lesson which you can apply in trading, and you can have time to try to make a profit.
Topic: How to Overcome and Handle Your Mistakes in Trading? - page 7. (Read 1373 times)
Trading education can be beneficial to overcome all other points that you have mentioned. Since educating a trader can lead to mistakes, risks analysis, prod and cons. Apart from this one can easily get to know their own habits and behaviour when they start trading. Knowing yourself at anytime is best one rather than depending on someone else.
So it's advisable that everyone focuses on education and analysis of their trades.
True! Before doing anything guys, please learn! We should know and understand what we're doing. In that way, we can believe in our decisions and our ability to achieve our goals! The way I overcame my mistake in the past is that I learned from it. I find the problem and learn how to fix it. That's how I can keep moving on in this market!So it's advisable that everyone focuses on education and analysis of their trades.
Focusing on your mistakes has to do more with emotions in whichllots of traders does not really take very important. one of the vast mistakes trader do is always jumping on an already gone train, by buying high and selling low, the fomo urge tends to be too high, such traders lacks the ability to wait for a dip before joining a moving train, and in this case proper trading education is required whereby you need to know where the support and resistance is, if not, such mistakes will keep repeating itself
they jump because they think the price can rose more . its okay if they do this on coins that have a history of that acts but for the coin that has no record yet , thats hard and the chance is 50 percent or lower . buying high and selling low seems not right to hear , if ever i entered on the wrong time , i will choose to loose than to sell at a loss . and also who would ever repeat the same mistakes ? i changed strat if one or two mistake experience to avoid more losses
Trading education can be beneficial to overcome all other points that you have mentioned. Since educating a trader can lead to mistakes, risks analysis, prod and cons. Apart from this one can easily get to know their own habits and behaviour when they start trading. Knowing yourself at anytime is best one rather than depending on someone else.
So it's advisable that everyone focuses on education and analysis of their trades.
True! Before doing anything guys, please learn! We should know and understand what we're doing. In that way, we can believe in our decisions and our ability to achieve our goals! The way I overcame my mistake in the past is that I learned from it. I find the problem and learn how to fix it. That's how I can keep moving on in this market! So it's advisable that everyone focuses on education and analysis of their trades.
As a newbie, I think transactions should be recorded. For example, when you open an order, you should record the reason for the open order and the reason for the loss. That's what I used to do in the early days of trading, it was really time-consuming and silly, but the results it brought were amazing. After a period of hard trading and I reread my handbook, I realized a lot of good things and have applied successfully until now. Now I don't dare to admit that I am a successful trader but in 1 month I earned an average of 400 $ - 460 $. just discipline yourself to get a good results slightly. 
An effort will pay for everything, right? glad to hear your story here especially when you reveal an income per months and I think that is a huge amount. But, in the trading, we can't similarities with other people's strategy or their experience because there will be different from each other. I was wrong when I just new to trade because I just collect some references about other people's experience and their income now. I wasn't focused to my daily trade especially the strategy that I used. Just copied other people's strategy and someone's else suggestion (like what OP said) and I wasn't learned what I have done every time I trade. I realized when I got stuck because I've spent $50 every day and I talk to myself there was something wrong. And yeah, I realize to find a bunch of trading strategy is easy I can understand it with only one day but I can't control myself in an easy way, I need more times and I need a lot of practice to trade comfortably.
Trading education can be beneficial to overcome all other points that you have mentioned. Since educating a trader can lead to mistakes, risks analysis, prod and cons. Apart from this one can easily get to know their own habits and behaviour when they start trading. Knowing yourself at anytime is best one rather than depending on someone else.
So it's advisable that everyone focuses on education and analysis of their trades.
So it's advisable that everyone focuses on education and analysis of their trades.
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.
I totally agree with your idea! A mistake is critical to our learning process. You'll remember it longer when you learn it the hard way. I've seen a lot of people quit trading because they hesitated to learn from their mistakes and they are afraid of being failed again! Don't stop learning, don't scare to be failed! You should only scare when you stop trying!Then you should also consider the resources you spend while trading, it's inevitable not to feel fear when you're trading, specially when you're still learning the ropes.
Trading ain't never easy experience will always give you the advantage to familiarize the market movements, TA's and fundamental news. Remember that, most of the successful traders doesn't waste his precious time trying to educate others. He either monetize the knowledge he gets or doesn't bother to.
Also, who you follow and pay attention to on social media can make a world of difference. When I first started trading, I was following and listening to complete scammers (not aware that they were scammers). As a result, I nearly lost all my money. Since then, I've unfollowed them and listen to quality traders, and have almost recouped my losses.
It's good to see you changed! However, besides listening to others, you should focus on gaining knowledge, understanding, skills by yourself. By doing this, you'll have the ability to double-check any information that appears on social media. Then you can legitly decide whether to take action or not. Equipping yourself with knowledge and understanding are very important in trading. 
As a newbie, I think transactions should be recorded. For example, when you open an order, you should record the reason for the open order and the reason for the loss. That's what I used to do in the early days of trading, it was really time-consuming and silly, but the results it brought were amazing. After a period of hard trading and I reread my handbook, I realized a lot of good things and have applied successfully until now. Now I don't dare to admit that I am a successful trader but in 1 month I earned an average of 400 $ - 460 $. just discipline yourself to get a good results slightly.
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.
I totally agree with your idea! A mistake is critical to our learning process. You'll remember it longer when you learn it the hard way. I've seen a lot of people quit trading because they hesitated to learn from their mistakes and they are afraid of being failed again! Don't stop learning, don't scare to be failed! You should only scare when you stop trying!
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.
Overcoming mistakes in trading is a very easy thing to do, the first thing you need to do is identify the mistakes; accept and admit the fault on your side; develop a solution to the mistakes; fix the mistake and master that act such that it does not repeat itself anylonger.
Easier been said than done. It's not as easy as you think. If it does, we should see fewer traders now losing their position.
Mistakes are normal and even the top, best, good, experienced, and professional traders still experiencing mistakes today. Even a trader knows it's a mistake to do "something" they will still proceed because they want a better return.
Risk-management is the key. It's fine for me to push for an obvious mistake by any chance "as long as I understand the risks".
Also, who you follow and pay attention to on social media can make a world of difference. When I first started trading, I was following and listening to complete scammers (not aware that they were scammers). As a result, I nearly lost all my money. Since then, I've unfollowed them and listen to quality traders, and have almost recouped my losses.
Overcoming mistakes in trading is a very easy thing to do, the first thing you need to do is identify the mistakes; accept and admit the fault on your side; develop a solution to the mistakes; fix the mistake and master that act such that it does not repeat itself anylonger. Remember there cannot be any form of pride when it comes to crypto currency trading, because crypto currency trading humbles everyone.
I think that in order to manage failures and successes in trading a great financial education is necessary, because when failing in any operation the trader must know why it happened, and when you win the same, otherwise it is because you are gambling and that is not It is useless, because tradind must be seen as a profession, every day you learn and apart it must be seen as a business.
Actually losing money in trading is one of the best teachers in the world. Whatever you are doing in life, not just in trading, if you keep trying and learning and practicing, you will fail a lot. Nobody picks up a guitar and suddenly becomes slash, you start by learning and making mistakes and you sound horrible and you do not play anything meaningful until you reach to that level. Is there a point where you know that maybe you are not a trader material person? Sure there could be, not everyone has to be a great trader.
But, no great trader became one on the first day neither so you need to keep trying and trying and trying. Sad thing is, some people leave after their first loss, on contrary that first loss actually means he was one loss closer to actually being a good trader before they gave up.
But, no great trader became one on the first day neither so you need to keep trying and trying and trying. Sad thing is, some people leave after their first loss, on contrary that first loss actually means he was one loss closer to actually being a good trader before they gave up.
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The first way to recover after loss is to learn from those mistakes. But if you always make some unique mistake and loss your capital thus once you will your total holding. So what is the solution then? the solution is you have to learn more about trading before starting it for full time.
And yes a trader must have the capability of loss management what they can afford. Otherwise, they will not control their emotion.
And yes a trader must have the capability of loss management what they can afford. Otherwise, they will not control their emotion.
Trading is the balance between your mistakes and the right decisions.
Mistakes lead to monetary losses, your task is to get the maximum benefit out of any mistake - this is an investment in your training.
The more mistakes the more money and the more experience you should get.
However, for this you need to regularly analyze your own actions, several hours a day. For an hour of practice, 2 hours of theory should come.
Mistakes lead to monetary losses, your task is to get the maximum benefit out of any mistake - this is an investment in your training.
The more mistakes the more money and the more experience you should get.
However, for this you need to regularly analyze your own actions, several hours a day. For an hour of practice, 2 hours of theory should come.
First of, When it comes to trading you must know what you are doing before you place an order. Just a slight mistake or miscalculation can cost you thousands. Remember that. I know it's scary. You can loose hundreds or thousands of dollars on mistakes but that's good. How is that good? Because you have gained experience from your mistakes and know how to avoid it. So when there is a trade that can potentially earn you millions then you know what to do.
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.
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.
This is the most effective and important for me, I think. Mistakes will help you grow as a trader, especially that it will help you become more prepared, wise, and have a good decision making in many transactions. I know that it is not that easy to do trading especially if you are new to it. But once you experience losses and you try to minimize them, that's the time that you are becoming effective and you are applying all the experiences that you have. You just need to practice and practice trading, you need to explore how trading works and how can you deal with that. Mistakes are normal so don't be afraid of that, just make sure that you are going to fight and reduce them so that you can also have losses in your future transactions. Strategies are really importance once you are making your self prepared and ready, just always perform technical analysis and become confident about your mistakes.
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