Replacing Regret with Rationality
If your order closed with a profit but the price kept rising, the classic beginner’s mistake is to feel disappointed and regret not holding on for longer. Remember: you’ve already locked in a profit, and that’s what matters most.
If your stop-loss was triggered, taking you out of a trade with a small loss, and then the price soared — don’t dwell on it. Serious trading offers countless opportunities to re-enter the market and make a profit. Instead, analyze what happened: should you have entered at a lower level, set a wider stop-loss, or perhaps averaged your position?
Every situation requires its own analysis, and each evaluation helps you gain experience and increase the chances of success in future trades.
Don’t regret — analyze! Experiment with different approaches, refine your skills, and stay committed to your path to success!