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Author Topic: How can someone overcome trading mistakes?  (Read 969 times)

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Re: How can someone overcome trading mistakes?
« Reply #30 on: April 29, 2025, 12:09:41 PM »
Yes, mistakes are inevitable but can be overcome, and it is actually a leaning process as time goes on. When you make mistakes, and realize the areas you under performance or failure, it brings out the best in you except you don't want to build on continuous careers.
Just like you said, "you learn from mistakes". as a matter of facts, anyone on the crypto business with the mindset of giving up can't be successful. I think the bast thing is learning, and without lessons on a chosen career, it will be difficult to grow.
It is not only just Crypto world or business where we have to face the difficulties and also lots of people mindset become to give up in the middle time when they do mistake and face losses. And here the people also did their big mistake and that was take leave from the sector.  In every sector we have to face the difficulties and as well if we give up we will also not going to have the success on those sectors also.
So if we want to try anything, we have to stick to it, even if we make mistakes repeatedly, we have to correct them.

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Re: How can someone overcome trading mistakes?
« Reply #30 on: April 29, 2025, 12:09:41 PM »

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Re: How can someone overcome trading mistakes?
« Reply #31 on: April 29, 2025, 12:36:19 PM »
You could overcome it by reading your journal. If you don’t have a trading journal, you should start one. Then, you should find out your emotional approach to your trade and see if it is the one you feel when you are trading, and success comes with it.

Being consistent with your trades would, I think, make you really profitable.
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Re: How can someone overcome trading mistakes?
« Reply #31 on: April 29, 2025, 12:36:19 PM »

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Re: How can someone overcome trading mistakes?
« Reply #32 on: April 29, 2025, 11:28:34 PM »
Mistakes is inevitable and impossible to overcome, but can be valuable learning experience to succeed by identifying what went wrong and why, is a crucial step. most of us especially newbie sometimes make mistakes at the initial stage and when they are unable to manage it they quit, by adopting strategies you can effectively learn from mistakes and achieve growth.

The only way you can avoid making mistakes in trading is by consistently learning from your mistakes and avoiding it the next time you want to trade. Stick to one strategy and make sure you are always coming to check the charts daily, that’s the only way your trading game will hope up.

As a newbie, you should have in mind that making mistakes is all part of the game and when you don’t accept that, you’ll only become more and more discouraged with the results you’re getting from trading. Your mistakes should build you and not break you, that’s the only way to make your trading better.

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Re: How can someone overcome trading mistakes?
« Reply #33 on: Today at 07:55:09 AM »
Learn from your mistakes is the best teacher. If you are trading, you will understand what I mean.

Do not use more than 1% to 5% of your income to trade. Do not use too much leverage. Avoid martingale.

If you have been trading for like one or two years and you are still losing, quit. Do not trade anymore.
Exactly, learning from your mistakes is actually the best teacher, because when you correct your mistake you will hardly make that same mistake again, and you will gain more skills and experience from that mistake. It's advisable to trade with what you can afford to lose, This is the first advice a lot of people usually give to a beginner trader.
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Re: How can someone overcome trading mistakes?
« Reply #34 on: Today at 11:02:28 AM »
Learn from your mistakes is the best teacher. If you are trading, you will understand what I mean.

Do not use more than 1% to 5% of your income to trade. Do not use too much leverage. Avoid martingale.

If you have been trading for like one or two years and you are still losing, quit. Do not trade anymore.
Exactly, learning from your mistakes is actually the best teacher, because when you correct your mistake you will hardly make that same mistake again, and you will gain more skills and experience from that mistake. It's advisable to trade with what you can afford to lose, This is the first advice a lot of people usually give to a beginner trader.

Most of us here have learned from our mistakes that we made using the wrong strategy that we did before. And there are also those who insist that what they are doing is right even though they repeatedly fail to make a profit in trading.

But there are also others who learn from the mistakes of others before they experience their own mistakes, then in trading you may not be wrong now but in the future you can still make mistakes, but that's normal I think.
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Re: How can someone overcome trading mistakes?
« Reply #35 on: Today at 03:44:19 PM »
Most experienced traders can testify that mistakes are truly inevitable, but the ability to learn from mistakes are very important to make further trading progresses.
Therefore, it is important, to remain objectives in your decision making during trading your time on the market.

Again, the mistakes you made should let you know what work, or what does not work for you.
In addition, it is important to make and follow a trading plans based on your own analysis, stick plan to prevent emotions from clouding your decision making especially when market are volitile.

 

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