Making Losses is not Necessarily a Mistake
No one can be correct 100% of the time when trading and thus making losses is parts and parcel of trading. One need to have a system that has a higher probability of making a profit, else will lose money in the long term.
I logged and review every trade in trading journal, including losses, that forces me to review my trades to see if I have done something wrong or have I followed my initial plan of entry price, stop loss or profit targets.
Lessons like fearing of making more losses resulting in pressing the button too soon before hitting stop loss only to see price bounce up will need to be learnt.
If you make follow your system and make a loss, then it is not a mistake. It’s just part of your strategy to cut losses short but to let profit run in the right ones.
Happy trading!
I logged and review every trade in trading journal, including losses, that forces me to review my trades to see if I have done something wrong or have I followed my initial plan of entry price, stop loss or profit targets.
Lessons like fearing of making more losses resulting in pressing the button too soon before hitting stop loss only to see price bounce up will need to be learnt.
If you make follow your system and make a loss, then it is not a mistake. It’s just part of your strategy to cut losses short but to let profit run in the right ones.
Happy trading!
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
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