For a professional trader, a long trading psychology is essential, as it will help him gain enough experience to handle future risks. Being seasoned in the market gives him a higher chance of survival compared to new traders.
You may have read this in many trading books: trading psychology is developed over time and with money; the longer you stay in the market, the steadier your mindset will become. The market and time are great teachers in your trading journey.
A soldier trained in theory on a practice field is completely different from a veteran who has faced real combat. A pilot who has only flown in a simulator differs from an experienced pilot with years of actual flight hours.
Therefore, as you know, to survive and succeed in the market, you need experience and a persistent effort to learn continuously. The core principle is that everything comes at a cost in time, and sometimes money.
