How to learn from your trading mistake?
It is common to experience losses in trading, especially to those who just started. Here are some pointers to keep your chin up.
1. After each loss, tell yourself to stop trading, regroup and pause for a while.
2. Analyse your trade and write down your thoughts. This allows yourself to take some "cool down" time and have a thorough look at the situation on the market. There will always be opportunities, don't be afraid to start again on the next move and profits once you set your target.
3. Develop a new trading plan based on the market changes. Then make your move according to the trading plan to enter and earn. Do not rush to enter the market immediately, because it is always easy to enter but hard to exit.
4. Make sure you always set a risk management plan and act accordingly. On top of that, it is important to always trade with a mindset ready for the possibility to lose.
Stay safe and good luck guys!
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