You Learn More from Losses than from Wins - page 8.

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Quote from: alastantiger on January 07, 2023, 11:01:16 PM

Remember the first lesson you learned as a beginner trader? Did it come from a loss or a win?

It came from reading and learning from the losses and wins of other people. In trading, we don't need to learn everything through our own experiences. We have a vast number of traders with lots of experience that share their ups and downs in trading. Reading them, and analyzing their steps that lead to results can help us learn more and avoid certain losses so that our first trading experience will profit.

isaac_clarke22

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Quote from: AicecreaME on January 12, 2023, 08:58:37 AM

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Some just don't and end up in a spiral and I almost end up the same thing back when I was day trading. The first days were kind of losses for me. Next few days? They were all losses still. I was trying to find out on where did I go wrong since I pretty much followed up every single steps when I watched Cryptojack back then (not sure if the YT channel was still active til now), followed every trading tools and signals provided in Binance.

What did it turned out? It was not the strategy for me at all. It might be boring, but I just turned back to holding strategy.

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Quote from: Ziskinberg on January 12, 2023, 05:26:21 PM

Quote from: alastantiger on January 07, 2023, 11:01:16 PM

Remember the first trading lesson you learned as a newbie? Did it come from a win or a loss? A loss teaches you about the reality of the market, protects you from becoming cocky, and humbles you. When you are a beginner trader, a small loss is not a terrible thing. Losses teach you proper trading risk management strategies and techniques and respect for the market and prepare you for long-term success.

Remember the first lesson you learned as a beginner trader? Did it come from a loss or a win?

Losing is a harsh condition but at the same time, it opens our minds and asks ourselves where I am getting wrong. We're getting sad but from having this experience we grow as well.
But if we win, it means that we are performing so well. Our hard work and patience have been rewarded but it mostly happens after we correct our mistakes and lose. This is the result of not giving up despite the hard condition that we face in the past.

Its inevitable i should say on which errors and mistakes is something that you would be experiencing along the way or even on first encounter considering that we are just starting up and lack of knowledge and awareness on things that we are dealing which it would really be that normal that you would really be that experiencing errors which it is really that something that cant be avoided.
Of course you would really be learning out of those mistakes which is really a common scenario for someone who do take.

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Quote from: alastantiger on January 07, 2023, 11:01:16 PM

Remember the first trading lesson you learned as a newbie? Did it come from a win or a loss? A loss teaches you about the reality of the market, protects you from becoming cocky, and humbles you. When you are a beginner trader, a small loss is not a terrible thing. Losses teach you proper trading risk management strategies and techniques and respect for the market and prepare you for long-term success.

Remember the first lesson you learned as a beginner trader? Did it come from a loss or a win?

Losing is a harsh condition but at the same time, it opens our minds and asks ourselves where I am getting wrong. We're getting sad but from having this experience we grow as well.
But if we win, it means that we are performing so well. Our hard work and patience have been rewarded but it mostly happens after we correct our mistakes and lose. This is the result of not giving up despite the hard condition that we face in the past.

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Quote from: xSkylarx on January 12, 2023, 02:42:16 AM

Traders have a different mindset because some traders will not spend time thinking about how to win again because their strategy is working as it is, but if they lose, they will spend a lot of time thinking about how their trade went wrong, how they can improve their strategy, and how to prevent it from happening again. It's like reflecting on your mistakes and learning from them; success and winnings can't teach you to think, but mistakes and losses can teach you how to overcome or find a solution to them.

Learning from defeat is a very useful experience, but it's also no guarantee of success on the next try.
Trading is a high-risk activity, as a result of which price volatility is very unpredictable, of course, the necessary adjustments are also very useful. Minimize risks, get rid of greed, control emotions and it will all help.

It's hard to say whether someone will be better off after the failure, but certainly something needs to improve. That's experience.

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Quote from: alastantiger on January 07, 2023, 11:01:16 PM

Remember the first trading lesson you learned as a newbie? Did it come from a win or a loss? A loss teaches you about the reality of the market, protects you from becoming cocky, and humbles you. When you are a beginner trader, a small loss is not a terrible thing. Losses teach you proper trading risk management strategies and techniques and respect for the market and prepare you for long-term success.

Remember the first lesson you learned as a beginner trader? Did it come from a loss or a win?

I have made a lot of mistakes along the way in life, I have done a lot of damage and learned the most from there. People can never learn anything good if they don't make mistakes. The biggest factor behind any man's success is his mistakes and subsequent success. I entered the trading platform with my personal hand. I made many mistakes there and lost a lot. Now I have taken something good from this trading platform. Because the biggest role behind my success today is that I first made a mistake here, made a loss, and then saw success. If I had not been affected by mistakes, I would never have been able to learn anything from here.

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Quote from: virasisog on January 12, 2023, 01:29:23 PM

Based on my experience, losing in trading could really teach us lessons but it depends on how we accept it. Some traders celebrate victories of good profit but disregard the lessons of losing and just see it as a disappointment. Losing is part of our trading journey and we can't avoid it because trading isn't always about winning and making profit because it has risks that we have to deal with. Losing in trading could help us notice our trading mistakes and correct it as part of our trading development and growth. We should adopt the learnings from our mistakes and must not repeat them.

Losing will allow us to adjust and find the right pattern to win on our next try, yes, there are more learning on your losing experienced though in some traders, after making a good run they will continue to change their strategy, they are good in updating and figuring on how to make it more successful when they start executing the trade again.

Case to case, but more on the side of learning more when you failed your position, as you wanted to re-create to be more effective.

lots of challenges and most of the time, those who are good at doing research and study are the one who experienced great success.

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Quote from: alastantiger on January 07, 2023, 11:01:16 PM

Remember the first trading lesson you learned as a newbie? Did it come from a win or a loss? A loss teaches you about the reality of the market, protects you from becoming cocky, and humbles you. When you are a beginner trader, a small loss is not a terrible thing. Losses teach you proper trading risk management strategies and techniques and respect for the market and prepare you for long-term success.

Remember the first lesson you learned as a beginner trader? Did it come from a loss or a win?

This is very true. Profits do nothing to your betterment they just make you more boastful, they hardly teach you anything instead they make you feel that everything is correct nothing is wrong while that's not the case. It's losses that teach you that even though last time you made profit the theory which you applied was still pretty wrong so you should redo the things again in the correct manner. For me also losses taught me that most important thing to take care of is how to make a trade not the profit and loss out of it.

virasisog

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Based on m experience, losing in trading could really teach us lessons but it depends on how we accept it. Some traders celebrate victories of good profit but disregard the lessons of losing and just see it as a disappointment. Losing is part of our trading journey and we can't avoid it because trading isn't always about winning and making profit because it has risks that we have to deal with. Losing in trading could help us notice our trading mistakes and correct it as part of our trading development and growth. We should adopt the learnings from our mistakes and must not repeat them.

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Most of the traders that lose money in the market are traders that have failed to learn from their loses.
And truely speaking I've interviewed some of my friends in trading and discover majority of them are only interested in making profits by placing trades and want to see their trades start running in profit without having to calm down and learn the game, and the worst case scenario for them is that they will end up having a lose and will try to recover that lose without going back to identify ( learn ) why they've lose.

Generally, Loses actually teaches more than wins.

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Quote from: alastantiger on January 07, 2023, 11:01:16 PM

Remember the first lesson you learned as a beginner trader? Did it come from a loss or a win?

If I'm not mistaken, the first lesson when trading is to use small capital with a gap of 6 months. So at that time I still remember trading capital of $25 for 6 months trying several spot trading on altcoins. The results were not very satisfactory because the first lesson was not about profit or loss but about learning to know how crypto works and learning to read the direction of market movements. As far as I can remember that's what was learned. He told me that $25 is capital ready to lose. Because actually, the most memorable lesson I had to take was the process of mental control and decision-making.

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Quote from: AicecreaME on January 12, 2023, 08:58:37 AM

I think it depends.

I mean losing will slap you hard to wake up, either to study more or to quit, if you're doing everything you can to make profits in trading by studying and watching tutorials but still can't make profits, then you have to stop, but if it is the other way around, then continue.

Winning in trading makes you comfortable, you think you don't need to grow more but you need to if you want more profits in the long run, but if you're contented on the profits you're making, then it's still good.

Everyone of us have some mishap sooner or later during our trading journey. Its good to have a small mishap early on, so that we get alert for rest of our journey. I don't think ithere s any experienced trader who hasn't undergone any mishap during his trading career. These incidents just make us stronger.

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Quote from: alastantiger on January 07, 2023, 11:01:16 PM

Remember the first trading lesson you learned as a newbie? Did it come from a win or a loss? A loss teaches you about the reality of the market, protects you from becoming cocky, and humbles you. When you are a beginner trader, a small loss is not a terrible thing. Losses teach you proper trading risk management strategies and techniques and respect for the market and prepare you for long-term success.

Remember the first lesson you learned as a beginner trader? Did it come from a loss or a win?

We all learn the same lesson from those two, it's usually only through defeat that we learn things that we shouldn't do so that we don't repeat the mistake we made, in addition to that, the defeat that we often experience also sharpens us as a trader how to strategize correctly here.

And the other thing here is that we learn from the mistakes of other traders that they make even on other platforms that they enter. And because of that we also have an idea about their experiences in that matter anyway.

AicecreaME

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I think it depends.

I mean losing will slap you hard to wake up, either to study more or to quit, if you're doing everything you can to make profits in trading by studying and watching tutorials but still can't make profits, then you have to stop, but if it is the other way around, then continue.

Winning in trading makes you comfortable, you think you don't need to grow more but you need to if you want more profits in the long run, but if you're contented on the profits you're making, then it's still good.

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Quote from: lalabotax on January 11, 2023, 05:25:07 PM

But on the other hand, losses in trading can actually teach us a lot about why we lose, what went wrong, how to avoid losing, and so on. Many lessons can be drawn from this experience.

Lessons from losses are more valuable than that gotten from profit. The lessons from loss would prevent you from making similar mistakes in the future and that will increase your chances of winning. Most traders only care about the profit and that's one of the big mistakes they do, they underestimate the losses and the lessons it can teach.

But only those who are ready to be successful at trading take note of things they did that lead to the losses they're experiencing and try to do things differently next time so they can have a successful trade. As a trader you will at times experience loss but you don't have to give up.

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Quote from: Silberman on January 11, 2023, 11:34:12 PM

Quote from: Fullcoinese on January 11, 2023, 10:26:11 PM

for those who have experienced big losses and can get up trying to do their best again to trade from painful experiences, of course, it is a good thing from a valuable lesson.
but not everyone can handle losses well. more people, especially beginners will be quite depressed by the loss. losing enough money will not make us think well. exiting the trade first might be better. then we can make a decision, whether to return to the market or decide to do something else. some are not suited to trading but are very lucky with long-term investing.

Traders spend so much time thinking about winning that it becomes very difficult for them to deal with their losses, losing while you are trading is very different than for example losing when you are gambling, when we gamble we know that we are completely dependent on our luck and if we lose we can accept it as it was not really our fault, but this is different when you trade as you are responsible for everything that happens to your account, and if you lose a big amount of money this can cause depression among many traders, since they have no excuse and no one they can blame other than themselves.

Traders have a different mindset because some traders will not spend time thinking about how to win again because their strategy is working as it is, but if they lose, they will spend a lot of time thinking about how their trade went wrong, how they can improve their strategy, and how to prevent it from happening again. It's like reflecting on your mistakes and learning from them; success and winnings can't teach you to think, but mistakes and losses can teach you how to overcome or find a solution to them.

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Quote from: Fullcoinese on January 11, 2023, 10:26:11 PM

for those who have experienced big losses and can get up trying to do their best again to trade from painful experiences, of course, it is a good thing from a valuable lesson.
but not everyone can handle losses well. more people, especially beginners will be quite depressed by the loss. losing enough money will not make us think well. exiting the trade first might be better. then we can make a decision, whether to return to the market or decide to do something else. some are not suited to trading but are very lucky with long-term investing.

Traders spend so much time thinking about winning that it becomes very difficult for them to deal with their losses, losing while you are trading is very different than for example losing when you are gambling, when we gamble we know that we are completely dependent on our luck and if we lose we can accept it as it was not really our fault, but this is different when you trade as you are responsible for everything that happens to your account, and if you lose a big amount of money this can cause depression among many traders, since they have no excuse and no one they can blame other than themselves.

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Quote from: lalabotax on January 11, 2023, 05:25:07 PM

Quote from: alastantiger on January 07, 2023, 11:01:16 PM

Remember the first trading lesson you learned as a newbie? Did it come from a win or a loss?

From losses.
And the lesson from losing is very valuable and hits the heart more and sometimes makes it stressful. Because losses in trading are painful because we lose money, which is not necessarily a little. Losses in trading sometimes make us lazy to start again. But on the other hand, losses in trading can actually teach us a lot about why we lose, what went wrong, how to avoid losing, and so on. Many lessons can be drawn from this experience.

for those who have experienced big losses and can get up trying to do their best again to trade from painful experiences, of course, it is a good thing from a valuable lesson.
but not everyone can handle losses well. more people, especially beginners will be quite depressed by the loss. losing enough money will not make us think well. exiting the trade first might be better. then we can make a decision, whether to return to the market or decide to do something else. some are not suited to trading but are very lucky with long-term investing.

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Quote from: alastantiger on January 07, 2023, 11:01:16 PM

Remember the first trading lesson you learned as a newbie? Did it come from a win or a loss?

From losses.
And the lesson from losing is very valuable and hits the heart more and sometimes makes it stressful. Because losses in trading are painful because we lose money, which is not necessarily a little. Losses in trading sometimes make us lazy to start again. But on the other hand, losses in trading can actually teach us a lot about why we lose, what went wrong, how to avoid losing, and so on. Many lessons can be drawn from this experience.

Mr.right85

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Quote from: ?? on ??

This rule also works in trading, absolutely true. In life, when everything is fine and without problems, you will also learn little. So yes, definitely the best option is to learn from mistakes, work them out in detail.

You might learn from mistakes but, its best not to make them in the first place. It's always a do as much i as you can but in the event that, you make some as its unavoidable on all your endeavours, you do what you can to trace your errors and not spending a lot of time regretting over a lost course. That would be your lose taking both time and resource from you.
Whats gone is gone and the sooner one gets to realise that, the faster you get to retrace your step back to what went wrong, how and how to fix things. Loses are teaching processes.

Topic: You Learn More from Losses than from Wins - page 8. (Read 1593 times)