2. Break-even day đ 3. Profitable day đž Losing day â Fear.đ± Every trader knows that losses in this business are inevitable, but not everyone is ready to accept them.
You will often make mistakes; being wrong should not scare you. Failure is a byproduct of trying to succeedđȘ
Our past experiences often determine what we do in the present.
A common cause of negative results is projecting past losses onto current trading.
You need to benefit from mistakes, but the monetary losses that this mistake entailed should remain âoverboard.â
Promise yourself that if after a stop loss you want to open a trade to âbeat it offâ, you will close the chart and return to trading when you accept the loss.
You need to stop being so obsessed with the overall results of your trade and give 100% of your attention and patience to the trade at hand.
Your focus should be on âone good deal at a time.â
This means complete mental isolation from any money experience: both positive and negative.
Your goal should not be to âearnâ or ânot to lose,â but to find the best setup for opening a position.
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