Lastly, I saw an post or may be on a article that one trader loss his 40k USDT for doing trading in future he was a professional trader and also successful. But the interested think is the trader don't lose hope and he has also the confidence for recover and as well as he also have the skill to know the market movement and yes he make more than 100K after that incident but it is also true that he didn't get recover on the next trade he took time and after that he recover his loss and profit. So professional trader also lose money and they know how to recover them also.
so true. In fact, I have also seen several Twitter posts and a live trading video that shows the trading activities of a professional and influencer who is scalping the future market. And at that time he found his position liquidated. And the losses he experienced were really big. Probably close to $100k USD. But he didn't give up and maybe because the capital he had was much larger. So losing in his previous position didn't seem to disturb his mentality at all. And he took another position and managed to recover his losses by taking advantage of the momentum of the market reversal. And this seems to show that even professional traders sometimes experience big losses. The only difference is that the capital they put in may only be a few percent of their total capital. So that losing in one position does not make them waver and give up, because they have managed their risks well.
Over years of trading, one observes these professional traders lose billions of dollars and yet are up and trading again; it was education enough, observing strategies and risk management deals with. The approach which can be executed is to put a ceiling under the capital part that is exposed to a given trade. This is to ensure that at some point if a loss has been realized the trader still has enough capital to take a new position and minimizing on the emotional strain. In this way they can remain cool and begin searching for more opportunities in the market after they have just lost one.
Also, the trader should have a trading strategy in which they have set soldier limit and profit rate. This step eliminates the chances of the firm making hasty decisions and every action taken is as a result of the best analysis made. There are also personal positives for traders to consider, such as being able to develop this skill set for analysts to read the market and the momentum and to take it over, essence traders has to accept that fact that losses do occur in trading occasionally. It means that even if, for example, market fluctuations resulted in a trader’s loss, he or she is capable of seeking salvation and bring back their position and mess in the black.