‎One Thing That Keeps Me Going While Trading

[Y3shot]

‎Just accept loss as a stepping stone to success, by correcting every mistake to improve and gives you a better and successful trading result.
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‎Already remember that success is not just something you can get so easily as expected, you need to be self disciplined, emotionally fit, to manage and control risks to become a better trader.
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‎In summary
‎This should be your motive while trading.. Stay focused/Stay consistent/ keep going and stay positive.

Normally, trading is all about losses, and whenever it occurs, it shouldn't make one think it is not what they deserve because definitely, it will surely take place. But sometimes, losses speak a lot, and one needs to pay attention to know what to do.

There are some losses that signify that one is not going about trading well, and it is necessary for the person to learn, and there are losses that are just normal as a trader. If the loss has become obvious, it is important for one not to be comfortable with it, but to strive for improvement.

[Hypnosis00]

‎Just accept loss as a stepping stone to success, by correcting every mistake to improve and gives you a better and successful trading result.
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But I hope that losses are not enough for us to think of quitting. Some traders have no chance of recovering after suffering huge losses.

Yeah, all traders experience losses before succeeding. Most of us think that committing mistakes makes us better in the future, but not all of us. Some mistakes lead us to disappear. So I tell everyone that we should be careful, and, as much as possible, we don't make mistakes.

Trading should be treated seriously. Do what is best rather than making another mistake.

[M47AK16]

‎Just accept loss as a stepping stone to success, by correcting every mistake to improve and gives you a better and successful trading result.
‎

But I hope that losses are not enough for us to think of quitting. Some traders have no chance of recovering after suffering huge losses.

Yeah, all traders experience losses before succeeding. Most of us think that committing mistakes makes us better in the future, but not all of us. Some mistakes lead us to disappear. So I tell everyone that we should be careful, and, as much as possible, we don't make mistakes.

Trading should be treated seriously. Do what is best rather than making another mistake.

That is either a permanent thing that people should do, or a very bad idea. If you are going to come back to trading, then do not stop at all because you need to learn to trade in every condition; that is how you become a good trader. If you are trying to do a lot more and earn more, then you need to be able to learn from small amounts first and do it on bad days as well to get an idea.

If you want to quit altogether, nothing wrong with that; long-term investing in bitcoin is all you need. Keep on buying bitcoin anytime you can,  and keep doing that for decades; that's literally enough for your future.

[Hyphen(-)]

Loses are certain when it comes to trading, it's not just all about winning all the time, infant I even see losses as motivation to tell me that am almost there, although its comes with emotional depression, heartbreak and so on, but what keeps me going is the motive of being discipline, patience and focused while trading, regardless I still maintain being consistently because you never can tell the trade that will eventually change one's life for good.
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‎Just accept loss as a stepping stone to success, by correcting every mistake to improve and gives you a better and successful trading result.
‎
‎Already remember that success is not just something you can get so easily as expected, you need to be self disciplined, emotionally fit, to manage and control risks to become a better trader.

Do well to limit your trading expectations because no matter how good you can be with your trading analysis, loss is inevitable, but if you are really learning from your mistakes and also consult other successful traders trade to learn and gain more experience from them, you cannot be using loss as motivation, instead as a reason to learn more and do better because trading is all about consistency and how you can adjust based on market condition and also not to be too relaxed with your trades because the market can change at any time.

Furthermore, if you are not too good in your trading strategies, you can be using risk management methods like the use of stop loss and take profit to minimize your risk especially if your capital is not big so that you can trade more and gain experience while you grow your trading capital.

[Junii]

‎‎Just accept loss as a stepping stone to success, by correcting every mistake to improve and gives you a better and successful trading result.
‎‎

No doubt profit and loss is a part of a game hunt or be haunted but there is one important thing every beginner has to make sure that when you loss some of your amount you have to find the reason behind it that why lost that amount and do not repeat the same mistake again but if someone doesn't know why he opens a trade and why he hit stop loss then it is a big issue because a person has to learn from there mistakes as loss is certain in trading in a learning period but the important is the knowledge we learn from the loss.

[Asiska02]

If you’re not ready to accept losses as part of your trading plans, then you’re not ready to make the most out of trading. Trading can be very difficult and challenging but as long as you remain true and confident to your goals, there is a high chance you’re going to make it more sooner than later. Trading can be very rewarding when you trail on the right path, and not after making quick gains from it. As long as you’re trader, you can never get it right, but you can get better when you learn to accept your mistake and capitalize on them.

[terrific]

If you want to quit altogether, nothing wrong with that; long-term investing in bitcoin is all you need. Keep on buying bitcoin anytime you can,  and keep doing that for decades; that's literally enough for your future.

And like today, the price has plummeted so much from where it was a couple of weeks ago.
We're talking a huge dump here and for traders, this could be their time to do some futures as it might continue and that short position can be profitable.
But for those who are done with it, either spot or future can shift to investing. It's all that matters even when you trade.
It's what you keep and you invest with, the profit you make is being saved as part of your long term plan holding.

[Yorubek]

Loses are certain when it comes to trading, it's not just all about winning all the time, infant I even see losses as motivation to tell me that am almost there, although its comes with emotional depression, heartbreak and so on, but what keeps me going is the motive of being discipline, patience and focused while trading, regardless I still maintain being consistently because you never can tell the trade that will eventually change one's life for good.

It is good to have confidence but if you are overconfident in trading then it may not yield the profit you expect and the result may be opposite. In order to manage trading properly, it is very important for a person to have knowledge about the volatility of the market, as well as to reduce emotional decisions and maintain discipline and start trading by understanding the volatility of the market and controlling greed and taking risk management in trading which will reduce the risk of losing money. It is not easy to achieve success through trading, there is a lot of risk of losing money, so it is better to trade by knowing and making the right decisions, do not forget that if you trade without the right knowledge only in the hope of getting rich quickly, there will be a lot of potential for loss. If you face repeated losses through trading, then take time so that you can correct your mistakes and trade according to the right rules and save yourself from big losses.

[Donk1]

Well you're right but yeah, words are different from experience. Basically I like to believe that trading is all about long term value, and how you chase it is what will determine the outcome of your progress. It's either you waste your capital in uncertain trades or you manage them for better setups and better trades. Even if the outcome can't be certain true that doesn't mean making losses is a good thing. Yeah it's a way to learn, but you shouldn't get comfortable with money you are willing to lose, because it might lead to irrational trading which some like to call gambling in the market. Though you are right but sometimes you still have to see the value of your capital, even if you have enough. That's all.......

[Jaycoinz]

‎regardless I still maintain being consistently because you never can tell the trade that will eventually change one's life for good.

Hope you are not expecting much from trading? Make sure you do not focus on trading for life changing money. It is possible, but the chance that it can happen is lower than the chance that it can not happen. If you do not want to lose much to trading, change this mentality that can make you to be having emotional trading.

Expecting too much can be a problem, no matter how good or experienced a trader is it's important to know that making that life changing money from it can be difficult and not many people have been able to achieve that. It's always better to reduce your expectations and avoid anything that would make you overconfident. Confidence is necessary but going overboard and having the mentality that trading is what's going to be a life changer is not a good mentality to have.

[GeorgeJohn]

Loses are certain when it comes to trading, it's not just all about winning all the time, infant I even see losses as motivation to tell me that am almost there,

We know that experiencing losing in trading is certain both for people who is amateur in trading and people who has obtained experience in trading....But one thing i will never agree with you is that, do not use losses as motivation, nobody who pray to start with losing in trading...

Despite that the more you trade,  the more you acquire experience...it doesn’t mean that in trading you have to lose...remember that what you lose is your capital...so the most important is to know the basic things that will make you to overcome losses...

although its comes with emotional depression, heartbreak and so on, but what keeps me going is the motive of being discipline, patience and focused while trading, regardless I still maintain being consistently because you never can tell the trade that will eventually change one's life for good.

As a trader what you need to understand is that, you need to be concentrated and pay attention to learn
The new development in trading..most of the people who lose in trading doesn’t know the basic rules or skills of trading, and that's why a lot of people do lose....

‎

‎Just accept loss as a stepping stone to success, by correcting every mistake to improve and gives you a better and successful trading result.

Losses is not what somebody can accept with genuine mindset..it's something of heartbreaking, if you have lost what's huge, you will know what I mean...so it's better to protect yourself from not losing....

[Nheer]

Expecting too much can be a problem, no matter how good or experienced a trader is it's important to know that making that life changing money from it can be difficult and not many people have been able to achieve that. It's always better to reduce your expectations and avoid anything that would make you overconfident. Confidence is necessary but going overboard and having the mentality that trading is what's going to be a life changer is not a good mentality to have.

Interesting fact that many people fail to understand. Trading might look easy but it's really not easy when you start especially trying to make that life changing money. Sometimes it can be good to have expectations but the issue is people want trading to solve all their financial problems, they treat trading as their source of income which is really bad. Trading is never supposed to be treated like a source of income because it is not reliable and thinking this way will affect your decision making and lead you into taking unnecessary risk and getting emotionally attached.

[Kelvinid]

Already remember that success is not just something you can get so easily as expected, you need to be self disciplined, emotionally fit, to manage and control risks to become a better trader.
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Right. Success does not happen overnight, especially in trading where the enemy is not yourself or the other traders, but the uncertainty of the market that makes every trading scenario unsure of its outcome, no matter how disciplined, emotionally fit and good risk taker you are.

This is the reason why even experienced traders cannot guarantee their success, but still lose and even make consistent failures in trading. And if you still see trading as your dream career or main source of income, that would be too risky on your part then.

[Solokan]

Losses will always occur in trading, and those who can correct their mistakes will likely avoid repeating them because they've learned from previous experiences. However, it seems that quite a few people, after losing, immediately run away and never trade again. Trading is not easy. We must be able to open the right positions and control our emotions.

It's true that achieving success in trading isn't easy because there are many obstacles. However, if we can apply the methods you mentioned, such as learning from mistakes and so on, we have the potential to become successful traders. I think this topic is excellent and will certainly be very useful, especially for beginners who enjoy trading. I believe trading can easily make money, but the risks and obstacles are significant. Therefore, we must be able to control our emotions and continuously correct mistakes if we make them. In my opinion, trading would be better as a side business.

[shinratensei_]

You can't change your life with one good trade, if that is what you are trying to achieve from trading cryptos. You can take the less risky trading strategies and try to do many times as possible which will give you a decent amount of returns. But the profit is also based on many other things like how the taxation system works in your country, here there is a flat 1% fee will be deducted as part of the taxation on top of 30% capital gains which discourage people from trading more.

I mean, you could definitely change your life with one good trade, remember it's one good trade. Mark Cuban even said we can be wrong many time but we'll only need one right to turn life around and knowing that crypto can pump thousand percent overnight, a one life changing good trade is highly plausible but it happens 1 in a thousand which is why it's not considered as a good strategy because we probably going to burn our wealth before hitting that one jackpot. From my experience though discipline, patience and focus don't really correlate to success in trading where its basically random chaos but it's just my 2 cents.

[laijsica]

It is certain that there will be losses in trading, it is right and it is lucky to be profitable in the initial stage. If you have a learning mindset at every step, you will realize that the main thing in trading is not limited to making profits through knowledge. You have to understand the mood of the market and apply the plan correctly. The longer you stick to the market, the more experience you will gain in trading and the chances of making profits will also increase.

Psychological preparation and fund management are important and using funds that you do not depend on and that amount of funds is at the risk level. Learning from every mistake is an important step and patience is essential to overcome each step and create a smooth trading way and emphasis should be placed on learning.