Never revenge the market!

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Never revenge the market!

We all know how profitable trading can be and how frustrating it can too, but nevertheless never try to get back at the market.
Just because you’ve lost a lot doesn’t mean you next strategy is getting back all your losses on one piece . No!
First of all you have to see to it that you are psychologically prepared to trade, you need to build confidence..
No matter how much you’ve lost you need to take a break, get your mind off do something that can help build confidence, restrategize
Trade risk free, trade like you haven’t had any losses not like a gambler.
A friend of mine who lost hope in trading was advicing some one else , he said ” if you wanna go into trading you need to have a family doctor close by”
I laughed my eyes out, but in order to avoid the same ordeal he went through I learnt to trade this way, I make sure I bear in mind that no matter the outcome I’m ready for it .
This is how you trade, it’s all about composure, belief etc.

Lakshitha Kumara Answered question August 20, 2024
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When you’re trading and you experience a loss, then it’s just better to stop trading at that particular time and come back another time. But if you are trying to win back the amount you have lost, then you just settle a trap for yourself, because at that moment, there are higher chances that you’re going to keep on losing when you’re trying to win back your loss. So in trading, there are some times when you are just supposed to stop trading, whether you are winning or losing.

Geek LK Answered question August 20, 2024
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