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AmanXBT
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Lost money ? what next ? Go through this post
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AmanXBT
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Bullish
You've lost money and thinking what to do, these are the Options.
This will hurt you but it needs to be told.
1. Trade with what you've left. Try to get more profits with Leverage and win it all back as soon as possible.
Don't do this ever, this will get you rekt guaranteed
Trying to make back your losses by continuing your mistakes = Complete Rekt.
2. Re-set your mind.
Understand that you lost. Understand that your current knowledge and style isn't enough.
Don't make it about ego. Reset your mind. Re-engineer your learning.
Start from the Basics, Slow grind, make a long term slow progress plan.
THIS IS THE ONLY WAY.
3. Forget and Forgive yourself. Use this as a life lesson. And move onto something else that makes you Happy.
Life is long and vast, find something else. Too much to experience.
I hope you choose your options well.
I recommend option 2 for people who don't get anxious while trading and want to continue.
Recommend Option 3 for people who are happy to do it.
Recommend option 1 for the ones who want more REKT.
All The Best.
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â ïž Show me your friends and I'll show you your future. (Make good traders your friend) đ Trading is also the same like đŻ Sitting with four businessmen, the fifth one, you will become. (Trade with professional traders and the next professional, you will become) đą Let me clear your mind and explain you in better way : if you have experience but still facing losses and trying to be profitable in trading Just look around your closest friend/mentor who is profitable and making great money Just start copying him. His style/charts/trades don't go against him and start thinking like him + maintain position size and don't risk high. Do it for 2 months things will change for sure It worked in my case, i have two friends both are professional and making wife changing money, i mean Life* where i learned things I copied them and applied in my trading life. Copy in the sense; mark their levels in your charts check their entry exit points think why they took their entry and clear your doubts from them. It'll become easy for you đ Ask your doubts in comments and I'll be happy to help you đŻ đ SHOW your SUPPORT by Like, Share and Comment đ
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đł Proper Risk Managementđł I have shared so many times in my profile, sharing again đ Keep your notebook ready Proper risk management involves calculating the position size before entering a trade to ensure that if the stop loss is hit, you only lose a small percentage of your account balance, typically 1%. đż For example, if your trading account is $10,000, and you are taking a long position, you should only lose $100 if the stop loss is hit. đŒ To calculate the position size, use a position size calculator provided by the exchange, enter your entry price and stop loss as an exit price, and adjust the quantity/size until you get 1% of your account balance as a loss. đ§ This helps manage risk and avoid losing your entire account on a single trade. đ€ #RiskManagementMastery
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