The deep secret behind wrong buying decisions... and why 95% of traders lose even knowing the analysis. Stop for a moment. Disconnect from the noise. Put away your phone... and confront yourself. You know the analysis, right? You have read books, followed professionals, understood the candles, the indicators, and the patterns... However, you lose. Not always, but more than you want to admit. Why? The answer is not on the screen, nor in the market. The answer is within your mind.
Victories and defeats are a set of learnings. Mostly, one always focuses their attention on losses and denial overwhelms them. Meanwhile, others understand that losses are a wake-up call, accept the fact of making mistakes, and that they are not always gains. But victories should be embraced no matter how small they may be.
It wasn't the first time they told me that, so I understood that maybe, just maybe, it's not that I feel great, maybe others feel small next to me.
The only great thing I possess is my dreams, which I never lose sight of. It's true that I have aimed very high and that I am still very low, but I will not stop, even if they confuse my determination with arrogance. đžđ
My capital went from $300 to $30 from this morning until now đŠđ·
It took me a lot to reach that $300 And now I find myself in this situation⊠and all because I didn't place a stop loss. "I don't think the price will drop that much" In 15 minutes, everything I didn't think would drop, dropped. But before that, I was calm because I was winning $30 ⊠But I was greedy. It's time to start over. Step by step. But desperation consumes me.
đŠđ· What was my mistake? What was the problem? Easy bro My problem was trusting.. I trusted too much in my analysis.. My problem was being greedy⊠My problem was not managing a stop loss well Because now that I think about it "It was better to lose half than to lose it all"
My mind played a trick on me. Every time you open a trade, never say đŠđ· "I don't think I'll lose everything" "I don't think it will drop that much" "I don't think anything will happen"
Before that, it's better to think "I am going to lose" But before losing a lot, choose the amount you want to lose and then every time you open a trade, analyze how much you are willing to lose..
đŠđ·I want you to do a mental exercise every time you open a trade. Are you ready? Alright, here we go, every time you open a trade I want you to ask yourself the following: "How much am I willing to lose on this trade?"
đŠđ·đš Automatically, this question triggers an alarm in your mind and makes you understand that it is very likely that you will lose, and that's okay. You must keep in mind that you can always end up losing.
With this, you can avoid things happening to you like what happened to me today.
I'll tell you in the next post what I was thinking this morning and what I think tonight. Follow me to keep reading đŠđ·
đŠđ·đ Do you want me to explain what I did wrong? In the following explanation, I'll tell you what I did wrong and how I lost 280$ in such a short time.