💭 How do you deal with a big loss? 🤔 The Smart Recovery Plan
Did you lose a big trade? 😩 Feeling frustrated? That's completely normal... But the important thing is: What do you do next?
📌 The secret is not in not losing, the secret is knowing how to come back from the loss stronger. The smart recovery plan consists of 4 steps:
Temporarily stop trading:
Give yourself time to calm down and think.
Review the trade honestly:
Where did it go wrong? Random entry? Ignoring the stop loss? Learn from it.
Calculate the damage ratio:
Don't blow it out of proportion... Many professionals have lost more, but they returned because they faced reality calmly.
Come back with a small and tight plan:
Don't jump into direct compensation. Start with calculated steps that restore your confidence.
Loss is not the end of the road... but a correction point.
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How to choose the right pair for trading? The professionals' factors in choosing the right currency.
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