experiencing defeat in trading as a result of a mistake that we made as a result of too much FOMO or the like, of course we have to make this bitter experience a lesson so we don't repeat the same mistakes.
sometimes we know about things to avoid mistakes like how to overcome fear in trading. but in reality directly applying what we know is not as easy as imagined. sometimes we know FOMO is wrong. but we still can't stop ourselves from doing it.
and only from an experience that will make us more careful.
The most important thing about trading is management, including capital management, risk management and behavior management. Having lot of capital does not always guarantee profit, then when traders don't know the risks due to their ignorance it will only be very easy to lose, and without understanding how to set strategies and control emotions also makes traders panic easily.
Everything is intertwined and traders need it. Success sometimes comes after failure, but only if the trader is able to bounce back because of his optimism and desire to learn.
falls down into actual experience and dealing up with the market.It is really just normal that emotions specially fear would really be experienced along the way which it isnt really that shocking to have
with considering that the market is really that unpredictable and there's no way that we could be able to avoid it out.Thing here is that you do really know on how to handle yourself on times like these.
Dont rush up because learning and awareness could really be gained along the way.