Topic: How to Overcome and Handle Your Mistakes in Trading? - page 8. (Read 1373 times)

This strategy in trading is very effective cor you to minimize the risk of losing your money. In risk management, you need to deal with the market situation and so that you know if it is the right time to trade or not. Risk management will make you aware about the risks in trading as you are learning what to do to reduce the losses in your assets.


In trading education, you need to know how trading works in the market. You need to deal with those struggles, mistakes, and losses in trading because that will help you to become better and grow your assets. By that you will become more effective in trading once you know the basic fundamentals that you need to know before you do trading.

There are already lots of threads in relate into this topic:

https://bitcointalksearch.org/topic/most-common-mistakes-made-by-beginner-crypto-traders-5193643
https://bitcointalksearch.org/topic/what-are-common-mistakes-and-problems-of-the-traders-3572889
https://bitcointalk.org/index.php?topic=5195239.40

No need to post up another similar thread talking about handling out mistakes in trading.

This is also one of the best important for me in trading.
Risk Management is a must of every trader.
One of the best in risk management is to study the risk/reward ratio and apply it on your trading ; Risk/Reward Ratio.
This will help every trader on risk management, I hope for those traders who are starting there, they should study about this.

Well, it's impossible to trade without making mistakes, we all make them sooner or later. Especialy at the begininig, after all you need to get some knowledge and experience.
The most important thing is that you learn from your mistakes and don't repeat them. It's also very important that you don't become greedy and too emotional, that will definetely lead you into troubles and losses. Balance in trading is very important.

There are multiple threads regarding the same discussion and while I don't mind learning new things but the points you made are actually very common and obvious.


Yes, the point is important but anyone who is trading seriously must be aware of the risk and trading is actually a better form of gambling where you can hold your asset as long as you need while there are gambling websites that offer markets on what will be the price of bitcoins in next 1 week or so.

I would appreciate if someone can combine all these threads and make a list of all possible points for traders.

Learn from your mistakes!

You would discover anything if you do really learn up from your mistake.It would able for you to realize on what are the efficient things
that would really be needed into your trading career.Of course mistakes are inevitable since no one do really start from being pro thats why
its just normal.It would really just depend on how people would deal up with things and how they do discipline out theirselves on what
they are doing.

I've been seeing a lot of this thread lately, I hope we can discuss another topic so we can have a broader sense of idea.

I think this is okay if the last thread was created about a month ago so we can freshen up the discussion, or if the last reply to the thread is a month ago some sort of that. I mean we can have duplicated threads but not consecutively posted, I know these are prone to newbies so please do a simple search through keywords to avoid unnecessary deletion of the post.

Learning from mistakes is applied in all jobs and industries. The only difference is that in trading & investing there are a lot of emotions linked to being wrong and losing your money. Frustration is the main reason that makes traders give up in my opinion. It is not an easy job indeed, it requires quite a lot of mental flexibility and also one needs to be able to control his emotions and know what he's doing.

I'd say that if anyone is looking for a great challenge - he/she should take on trading.

I hope you see this https://bitcointalksearch.org/topic/trading-mistakes-5250292 before creating this one.

I think there is no need to continue this topic instead of giving your opinion to the one I posted above. It's all been there and that it looks like we are repeating this several times. If you don't mind please lock this thread or it might be deleted soon by MOD as a duplicate thread.

That is why it is very important to make some search first for we know that a lot of topics/thread similar to this and to avoid duplication.

EDIT: I've found out that you have changed the topic. Well, It is a good thing to do mate.

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.