How to Overcome and Handle Your Mistakes in Trading?

[Andronadar]

Mistakes are not nice, but they make us stronger

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[gabbie2010]

Mistkes is all people do that even they did not want because they have times that we don't know wihat will happen.
But the importnat of every mistakes is we should learned from it and we better and now once we encountered again we can avoid it .
Don' t afraid to have mistake if you are beginner because it is a step of learning be farid if you do a lot of mistake even you are old trader.

Indeed its quite normal to commit mistakes but the important thing is the lesson we learn from it.

Improve your knowledge, never stop learning even you're an experience trader already. Because it can help us to be successful here because trading is not as easy as it seems.

Personally I do make some mistake in the course trading however I always recheck my chart to identify the reasons for the mistake and make possible amendment to prevent future mistake ie I always learn from mistake the important point here is I never trade with the amount of money I can afford to lose thus in event of any mistake I will only lose small percentage of my portfolio but always avoiding repeating that same mistake.

[el kaka22]

Education and experience are important and this is should be our priority when we do trading. Mistakes are normal because there is no trader who can fully predict what will happen to the price that he/she trading. Handling mistakes are sometimes hard for other people because they keep doing the same mistakes over and over again. For those traders out there, you can easily overcome it by accepting it as a lesson and learn from it. If you will ignorr your mistakes, for sure you will do it over and over again.

Education is important but without actually trading you can never learn what you should be doing and that means you could get in as a newbie and burn out very quickly and leave. I have seen a topic of someone here asking if 100 bucks is enough to start trading and he said he put in a lot of money before and he lost and he wanted to get in back again and asking if 100 dollars would be fine.

There was multiple wrong things there, for example if he lost, why did he lost? He should focus on that to begin with, and if he wants to get back, how does he wants to get back? What does he trying to achieve? If you think trading is something you can get in with 100 bucks and become rich, you are very wrong. Those type of things only learned by trading a lot and learning what trading really is.

[Pamadar]

In my own experience in order to overcome my incorrect decisions in trading or in other things that I am doing, I am determining why did I make a mistake so I can create a countermeasure to it.

Reassess is very important to learn how to properly handled those mistake that take place, if ever you'll encounter it back it will be much easier to
determine and you'll be able to choose the right decision to take. Being keen to understand well and ready to adjust  wll keep you
to move forward from this business.

So the next time I trade I will be very careful so same mistake will not be committed again.

That's the results of doing your assessment, you will lessen the chance of committing same mistake over and over again.

[Kong Hey Pakboy]

When it's my first time in trading, I have a huge excitement and tension inside me because I already know that I have a 50/50 chance for me to win in trading. So when the time has a come that I experience having mistakes and lost a lot of money in trading, it is challenging for me to overcome it because I always think that trading is not for me. But I still decided that not to stop trading for now and I continue to learn and improve myself in trading by watching trading videos in YouTube and asking some tips to my friends who has more experienced than me. So I learned to stand up for myself and mistakes makes us stronger.

[SacriFries11]

As you progress throughout your journey in trading you will know that you made a lot of mistakes. You can’t make improvements if you made the same mistake all over again. You must know how to minimize these risks and focus to strategies that have high potential win. Learn every single day, some people don’t develop themselves and become lazy. It’s the main reason why people quits and easily give up.

[rodskee]

As you progress throughout your journey in trading you will know that you made a lot of mistakes.

When you assess yourself, you'll see that mistake is really unavoidable
while you are taking this journey.
Lots of memories will pop up inside you, as you grow further with this
business.

You can’t make improvements if you made the same mistake all over again.

Yes, if you keep doing the same then trade might not be for you and you
need to reassess yourself from this business.

You must know how to minimize these risks and focus to strategies that have high potential win.

You have to focus with your winning strategy and keep enhancing and not
to lock yourself with it.
Adjustment if needed should be part of your system.

Learn every single day, some people don’t develop themselves and become lazy. It’s the main reason why people quits and easily give up.

That's how you need to take it, keep learning and be open with improvements.

[Janation]

As you progress throughout your journey in trading you will know that you made a lot of mistakes. You can’t make improvements if you made the same mistake all over again. You must know how to minimize these risks and focus to strategies that have high potential win. Learn every single day, some people don’t develop themselves and become lazy. It’s the main reason why people quits and easily give up.

That is just right.

As a beginner, I had a lot of mistakes that even led me to think of stopping trading and even investing but that also led me to think that it might just be an obstacle I should cross. It made me think of reading some articles that can help me and learned from my mistakes all the way through.

[tbterryboy]

In my own experience in order to overcome my incorrect decisions in trading or in other things that I am doing, I am determining why did I make a mistake so I can create a countermeasure to it. So the next time I trade I will be very careful so same mistake will not be committed again.

That's how it should be done by everyone basically because learning from mistakes is the core secret to success and actually the best traders try and turn their mistakes into profits next time. I will give an example to make it more clear, suppose when a dump happens you panicked and sell your bitcoins so a smart trader would just learn and not sell next time but an experienced and successful trade would also take advantage next time by buying at the dip next time.

These are small things we all experience in trading and the one who learns how to use this information in the best possible manner becomes successful at trading.

[spike420211]

As a beginner, I had a lot of mistakes that even led me to think of stopping trading and even investing but that also led me to think that it might just be an obstacle I should cross. It made me think of reading some articles that can help me and learned from my mistakes all the way through.

If you treat mistakes as obstacles that you need to overcome - you will develop and treat such obstacles as challenges, and not as problems, this is the key to success.
Many are simply not able to cope with obstacles on a regular basis, we always try to stay in our comfort zone and reduce the influence of any external stimuli on us as much as possible.

In any case, this is a skill, and any skill can be developed by any person, the only question is the time spent and desire.

[azmirihaque]

Trading experience is very much important for overcoming mistakes. Trading experience can be gained from two ways. The first is to follow, study and  learn from experience traders. Study the mistakes of the traders and learn how they manage it. The second is to learn from your own mistakes. It is the best experience for trading. When you will face loss, you will automatically know why you have faced lose and what should do in the future to overcome it. 

[KrisAlex18]

Having mistakes and experiencing failures are the sometimes the best way on how you can be able to learn things out. The same principle I always use whenever I trade. The experience I got from the trading I have has always been my motivation to improve myself up and such mistakes are failure are treated to be a positive one which is simply transforming negative thoughts into something positive or most likely doing it optimistically.

Mistakes for me in trading is just a normal scenario for there is no perfect trading since we are working in a volatile market. What I just do to overcome and handle it is for me to study what mistake I have done and try to make another try if things will work out after I corrected my mistake. Although it seems to be heartbreaking sometimes creating mistakes, I just treat it a ground for improvement and do betterment on my next trading. Thinking it negatively will not help in anyway so I just transform the thought into something useful which is learn from the mistake I have done and try to recreate it on a corrected manner. Educating oneself is the best key to somehow lessen the chance of creating mistakes on doing trades.

[Mahanton]

As a beginner, I had a lot of mistakes that even led me to think of stopping trading and even investing but that also led me to think that it might just be an obstacle I should cross. It made me think of reading some articles that can help me and learned from my mistakes all the way through.

If you treat mistakes as obstacles that you need to overcome - you will develop and treat such obstacles as challenges, and not as problems, this is the key to success.
Many are simply not able to cope with obstacles on a regular basis, we always try to stay in our comfort zone and reduce the influence of any external stimuli on us as much as possible.

In any case, this is a skill, and any skill can be developed by any person, the only question is the time spent and desire.

People do fail on this one and majority do really easily give up without even trying to cope up or do learn from those mistakes and they do see it as a big problem and do surrender or give up on that easy.
Overcoming problems and hardship is never been simple yet it do really require extreme discipline and mindset.Sometimes people dont learn on to their mistakes when they do just ignore and completely
stop midway.For people who do persevere to learn will most likely to succeed into this industry.Trying to patch things up basing on what they do experience and gain along the way.

[pankowri]

Learn from your mistakes!

You would discover anything if you do learn up from your mistake. It would able for you to realize what are the efficient things t t would be needed in your trading career. Of course, mistakes are inevitable since no one does start from being pro that's why
it's just normal. It would just depend on how people would deal up with things and how they do discipline out themselves on what they are doing.

We should indeed acquire from our mistakes. In the onslaught, no one is accurate in anything. You have to reap perfect deliberately. It is usual to be mistaken but t is not usual to be mistaken. Subsequently an extent, conceivably the knack in trading will come, then it will not be mistaken.
In abundant cases, it is not conceivable to rectify a mistake made during trading. But we have to memorize from this mistake and be careful in the next trading.

[ice098]

As you progress throughout your journey in trading you will know that you made a lot of mistakes. You can’t make improvements if you made the same mistake all over again. You must know how to minimize these risks and focus to strategies that have high potential win. Learn every single day, some people don’t develop themselves and become lazy. It’s the main reason why people quits and easily give up.

That is just right.

As a beginner, I had a lot of mistakes that even led me to think of stopping trading and even investing but that also led me to think that it might just be an obstacle I should cross. It made me think of reading some articles that can help me and learned from my mistakes all the way through.

As what we always says about trading, it isn't as easy as what we expect, and as expected yes losing your investment, afraid of taking risk and afraid of losing will always be there. Losing is inevitable and as time as you trade by yourself you may sometimes ask yourself if is it gonna work out according to my will or im gonna lose this game. But each time you trade by your own, maybe a lot of mistakes that can be done but those mistakes of your will give you a greatest lesson that you could ever used in your further trading.

[palle11]

but they make us stronger

If we can learn and correct the mistake. Some people don't understand that they have made mistake so they will keep going through the mistaken road because they don't know it as mistake. Again too people can be stubborn not to learn from a better person because of their pride. Pride is a big downfall sign.

[Gaston Cavalier]

anybody here been trading for more than a decade?

[chikading2016]

Trading is not easy we can also loss funds on doing it and sometimes our mistakes on trading will lead us through frustration. That is why we need to be temperate and moderatien if we want to earn on trading, but we cannot avoid mistakes that is why we need to trade an amount that we can aford to loss.

[Fatunad]

anybody here been trading for more than a decade?

For sure there are specially on stocks and forex trading where you can find people who had been done trading for a decade and still doing such stuff even upto this recent.
Why they do able to sustain? because they do make themselves profitable in the end of the day.People cant just last that long if they arent that good on what theyve been
doing.Sounds simple but this isnt for everybody. Mistakes are inevitable thats why instead on getting afraid with it then better to overcome and learn from it and on
this way you would surely make yourself as a better trader.Handling out your mistakes well and lessening up as minimal as possible will be the best way.

[goldade]

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.

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

You've actually answered the questions already. The ways listed above are practically the only way for one to overcome and handle mistakes.
I however do think there is a another factor one needs to consider in overcoming mistakes or handling them and that is the emotional or psychological factor.
Many people make mistakes in trading largely due to the fact that they can't control their emotions. They are moved by anxiety, fear of missing out and greed such that they make losses in their trades.
This happens especially to newbies. Once they can keep their emotions in control, they'll be able to make successful trades.