Do We Learning From Our Mistakes 1 of 7
As we all know loosing is a part of trading. Win some and lose some. A trader needs to get use to
losing. That does not mean you have to lose all the time but it will happen. Once you have entered
a trade then it is a matter of managing the trade that makes a difference.
Many of us never get over the subtle emotional effects of learning from mistakes. Making mistakes are
just opportunities to learn. If not understood in a mature way, mistakes can be felt as a personal failing.
We all handle loss in different ways. The way we handle loss comes from our experiences as a child.
Hopefully we learn from our weakness so we are able to make the right decision the next time something
similar comes up. So if we learn from our losses and or mistakes then we will be able to survive trading.
If you use a set of indicators that work on all time frames then you can wait for the best trades and
time your entries. By only taking the best trades you will have fewer losses. Know that you will win
so many trades and you will lose so many trades. Study both your losses and your wins. Once you know
what you did wrong and what you did right along with how you felt with each kind of trade you will be
able to overcome the frustrations of losing. When a trade goes against you cut it shortcutting the
emotions as well. When you have a good trade remember what you did what you saw and how you felt.
Review how you managed the winners and the losers; managing the trade is a big part of overcoming the
emotion, fear of loss, and loss of your account. Make sure you learn these lessons on a demo account.
Tagged With learn to trade forex, The Disciplined Forex Trader
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