27/06/2023
Low J
9 мин. ·
Today I will talk about the second and last point, the topic of "how to start earning from your mistakes?" 🤔
Constantly improve yourself.
🤓 We discussed that the failure of any trade is due to player error. For example, you didn't guess with buying an option on a rising currency. After careful analysis, you saw that a few minutes before you purchased the asset, there was news on the economic calendar that, knowing it, you never would have bought the option at that moment.
What's the lesson here? Follow all economic news relevant to your asset more closely.
▪️ Of course this is a small example, but the point is to analyze and find the reasons for failure.
As a result of this kind of analytical work you will gain experience and learn to approach trades in a more balanced way.
👩🏻💻 Every trader has his own strategy. Some people trust their intuition, while others follow strict rules of calculation and do not get involved in attractive deals, if there is even a slightest doubt concerning them.
🤷🏻♀️The choice is purely individual. To understand what is more suitable for you is realistic only with the acquisition of sufficient experience, if you study it carefully.
No one is immune from failures, including very big ones. Of course, it also happens that coincidence of circumstances is the reason of loss. If you have carefully analyzed the deal and are convinced that "fate" is to blame, you should continue to steadily stick to your line.
❗️ If the failure is repeated, it means that the work on the mistakes has been done carelessly, and it is necessary to conduct it anew. A really cool trader is precisely what makes him different from other traders: he practically never makes the same "old mistakes".
If you're interested in reading this kind of information, leave your reaction below, I'll post it more often then ❤️🔥
