Very nice article, Kyna. Clearly shows that no matter where we are and how big is the mistake, we can always take lessons from it, work on it and move forward. We only lose when we give up.
In my case, even though I was reading about risk management and all but I never really internalized it until I made that mistake and experienced the pain myself.
I also kept on trading caring very little about the environment. I kept on opening new trades without thinking about the theme, industry strength. My stock selection was random and I was only focusing on setups.
All the setbacks used to upset me a lot, turning it into frustration. I am still a work in progress, taking things slow and have decided to not give up.
Zooming in a bit. My mistake was not able to take advantage of recent rally but after the character change I was able to reduce the size and frequency of my trading and learning to be patient and maintaining my mental and financial capital. I realized that I have a limited capital which I cannot treat like a game. This kind of thinking has been helpful to me in getting through this choppy period.
These writings sharing examination of a trader's experience, strategies, methods, the links to refer I discovered are extremely a must read, a never miss, requiring multiple reads to sink in. Go deeper.
Very nice article, Kyna. Clearly shows that no matter where we are and how big is the mistake, we can always take lessons from it, work on it and move forward. We only lose when we give up.
In my case, even though I was reading about risk management and all but I never really internalized it until I made that mistake and experienced the pain myself.
I also kept on trading caring very little about the environment. I kept on opening new trades without thinking about the theme, industry strength. My stock selection was random and I was only focusing on setups.
All the setbacks used to upset me a lot, turning it into frustration. I am still a work in progress, taking things slow and have decided to not give up.
Zooming in a bit. My mistake was not able to take advantage of recent rally but after the character change I was able to reduce the size and frequency of my trading and learning to be patient and maintaining my mental and financial capital. I realized that I have a limited capital which I cannot treat like a game. This kind of thinking has been helpful to me in getting through this choppy period.
I could have easily written the same first four paragraphs…the pain is very real isn’t it?! But it can turn into a great teacher.
I wish you the best, keep refining your practice and believing.
Learn from your mistakes. Prepare for the next big opportunity. It will come again — as it always does. Your job is to make sure you're ready for it.
Yup! Thank you very much! 🙂
These writings sharing examination of a trader's experience, strategies, methods, the links to refer I discovered are extremely a must read, a never miss, requiring multiple reads to sink in. Go deeper.
Glad you find it valuable!