Reflecting on my initial year in trading, it was undoubtedly a challenging and memorable journey. Within just three months, I lost 1,500 units of currency, followed by another 1,000 shortly after. Initially driven by the belief that I could recover my losses, I continued to deposit funds each time I faced a setback, always anticipating a turnaround that never materialized. Ultimately, despite my persistence, I failed to recoup even a fraction of my losses.

Entering the trading world with arrogance and overconfidence, I learned a hard lesson losing over a million units. Rather than admitting defeat, I chose to delve into introspection, meticulously studying my past failures. Surprisingly, losing that substantial sum didn't teach me as much as expected. Persisting in my investments, I started with smaller amounts, experiencing occasional successes but often losing them shortly after. However, amidst these setbacks, I noticed a slowdown in my losses and a shift in my mindset towards patience and thorough research.

No longer driven by the rush to make quick gains, I now dedicate days and even weeks to studying the market diligently. I wait patiently for opportunities that align with my refined strategy, focusing on quality rather than hastiness in my trading decisions. Understanding both market dynamics and my own strengths and weaknesses has been crucial. I advocate for every trader to establish a comprehensive plan encompassing buying and selling criteria, strategy definition, risk management practices, and position management strategies.

I am Dafu, an enthusiastic blogger sharing my insights and strategies openly. If you're navigating similar challenges or seeking guidance in trading, follow me for access to my proven layout strategy, offered free to help others navigate the complexities of trading effectively.

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