Constantly burning out my trades. What do I do to avoid this?

[bitcoinbastard224]

Just want to thank everyone for taking the time to respond. I have decided to stop and take time away, and focus on other things in my life first. Hopefully, this will bring my mindset down, and help me mentally recover, so that I can go into trades in a calmer mindset, eliminating fear, greed, and urgency.

I'll continue to read and re-visit this post, so please feel free to keep posting.

Thanks again!

[carlfebz2]

Just want to thank everyone for taking the time to respond. I have decided to stop and take time away, and focus on other things in my life first. Hopefully, this will bring my mindset down, and help me mentally recover, so that I can go into trades in a calmer mindset, eliminating fear, greed, and urgency.

I'll continue to read and re-visit this post, so please feel free to keep posting.

Thanks again!

When you do find out things to be stressful to you and comes to a point on where you dont understand on what youre doing and its not bad to had some break and
mind things carefully and prepare yourself for the next step you would make.

Avoiding losses? Its impossible but somehow it can really be lessen via your own experience and knowledge that you would gain overtime.
Im once on this situation where i gave up and later on after a long break i consider to go back to the market and try
again with more precaution and having that very strict bankroll management.

[maydna]

Just want to thank everyone for taking the time to respond. I have decided to stop and take time away, and focus on other things in my life first. Hopefully, this will bring my mindset down, and help me mentally recover, so that I can go into trades in a calmer mindset, eliminating fear, greed, and urgency.

I'll continue to read and re-visit this post, so please feel free to keep posting.

Thanks again!

Great. That is a wise decision. I hope that you can get an idea to start or learn more lessons about trading when you can enjoy your time. It will help you improve your skills, and I am sure you will have a better analysis than before. Don't forget to learn about controlling your emotion, no matter if you want to back to trading or in your daily life because controlling the emotion will be the important thing that can help you make a better decision in the future. Don't hesitate to back here if you are ready to start trading, of course, after you learn more lessons.

[Shasha80]

I feel sorry for your lose, don't panic with what happened to you. Because many people experience greater losses when trying to
make up for losses already experienced. My advice is to stop trading immediately for a few days, please do something to amuse
yourself first. So that your mind can forget about trading for a while and become more relaxed.

Because to be able to successfully recover your losses, the first thing you need to do is have a clear and calm mind. Don't be too
obsessed with getting profit in trading immediately, you can become addicted and this will create greater losses.

[bitcoinbastard224]

UPDATE:

I have burned myself. I am officially penniless.
Thanks for advice and taking the time to respond anyway, much appreciated.

[Oilacris]

UPDATE:

I have burned myself. I am officially penniless.
Thanks for advice and taking the time to respond anyway, much appreciated.

What have you learned? Lots of people had burned up their capital or money with trading but doesnt mean that this is already the end of the world.You can always go back and try to be wise and smart again with your trades.

Remember that only risk on the amounts that you can afford to lose and dont go overboard because this will really make out mistakes even more.Learn on past mistakes and be careful in the times you are being too greedy.

Next time where you should only spend a dime or sufficient amount to make some sort of practive.Is this decision of yours final? Would you trade again in the future?

[bitcoinbastard224]

UPDATE:

I have burned myself. I am officially penniless.
Thanks for advice and taking the time to respond anyway, much appreciated.

What have you learned? Lots of people had burned up their capital or money with trading but doesnt mean that this is already the end of the world.You can always go back and try to be wise and smart again with your trades.

Remember that only risk on the amounts that you can afford to lose and dont go overboard because this will really make out mistakes even more.Learn on past mistakes and be careful in the times you are being too greedy.

Next time where you should only spend a dime or sufficient amount to make some sort of practive.Is this decision of yours final? Would you trade again in the future?

I think I will need to stay away, of course. I clearly have a problem, but I was desperate.
Once you're in a deep hole, it's hard to get out.

[Kelvinid]

You are driven by your emotions and can't decide the right thing to do, I suggest you stop doing it. This is not really meant to you. Accept the fact that not all had tried trading have become successful, many also suffered big losses and market rejections.

Those losses that you've worried about and wanted to recover will be considered as a part of trial and error. Remember that, all successful traders had also difficulties and struggle first before they reach the top. It can't be instant and there is no such way to make shortcuts, all it needs to work on.