How turn your losses into profit!

Beginner Questions
42

Hi

I also have years of experience in trading and here I am sharing my opinions

  • Simplify your trading approach & your thoughts
  • Develop your skills and plan before you trade
  • Stop trading if you’re frustrated or confused
  • Stop thinking so much and so hard, it’s bad for you
  • Use your brain wisely
  • Trust your gut, not another’s
  • Be consistent
  • Read, study and educate ongoing basis
3 Likes
43

How would you summarise the basis for your success?

44

The message you have shared of course good, but the most important fact is missing here that is trading discipline , in spite of having good knowledge and experience that’s not possible at all to be consistent in profit if you don’t know how to manage discipline when trading . so, emphasis on trading discipline besides all trading activities.

45

Lol @tommor.
I am just joking about having never lost a trade. Although I am up overall in that time. I dont think I have a formula that is replicate-able for all. At first it was literally hit and run trading, now I found (or at least i think ive found) my feet; time will tell.

46

Doh! Blimey!

You know I believe absolutely everything that’s posted on BP and I really thought I had found someone who had found the holy grail.

I’m going out for a walk and I may be some time.

1 Like
47

Losses can be turned into profits if you learn from your mistakes. There are crucial lessons in the path of failure. What to do? What not to do? When to invest? When to pull out? You can have all the answers if you put your mind to it.

1 Like