Good day to all trading lovers, trading colleagues and readers of my blog! Today we’ll talk about how to get out of the state of self-flagellation if it happened again a losing trade… I think that I will not be mistaken if I say that this state is familiar to many. And even now successful traders, once too, were upset about losses. There is simply no trade without losses. You just need to treat these points correctly. Loss is an integral part of the trading process. Whether we like it or not, such deals will periodically be in our work. Only every time you do not need to reproach yourself for losing money, even if there was a mistake. And without mistakes, it is simply impossible to work in the markets.
The reason for the loss of funds
There can be many reasons why we lose money in the markets. Rather, we see many reasons, although in fact there are only two. An error in calculations and a force majeure situation when nothing depends on us. If you ask the average trader the reason for the loss, the answer is predictable. Everything was going according to plan, the deal was opened on a signal, when suddenly … a loss came out. We are so arranged that it is easier for us to find hundreds of reasons for our failures. And at the same time not to see your own mistakes and miscalculations. But almost everyone thought that if they had not opened this deal, there would have been no loss of money.
Get away from self-flagellation
Whatever it was, but you should not engage in self-flagellation after the loss. There is absolutely no practical benefit from this. Trying to gnaw ourselves from the inside for the loss of funds, we only fill ourselves with negativity. And this, accordingly, affects all aspects of our activities. From the fact that you torture yourself morally, the money will not return to your account. But you can not count on further productive work for some time. The psychological burden weighs on the brain. This pressure affects both the ability to analyze and the ability to make the right decisions. In addition, anxiety and irritability increase, which does not have the best effect on communication with relatives. So there is no need to reproach yourself for the mistakes you have made and the losses you have received. You need to calm down and accept the situation as it is. If we cannot change anything, then we need to take the situation for granted.
Another moment of gaining experience
This is exactly how you need to perceive the mentioned trouble. If the loss of money has already happened, then there is no need to grieve and torture yourself. This does not change anything. You need to switch to positive emotions. Yes, there was an unpleasant moment, but this is just an experience. No matter how much we trade, the market will teach us every day. If you focus on the pain of loss, then nothing good will come of it. An error occurred due to which funds were lost. But now we know this mistake, and we must strive not to repeat it again. You need to learn to see more than just failures. You need to learn to see in each of your failures a new step towards your success. By changing our thinking, we will change our lives for the better. Correspondingly, the performance in the markets will also change. Starting small can lead to overwhelming results. At the same time, remember always that you need to strive to fill your life only with the positive.
April 16, 2021