How often do professional traders lose all their money?
Jan Meriss Alfonso Assistant at Ascent Law LLC Learn From Your Mistakes One of the biggest challenges for traders is avoiding mistakes. Unfortunately, most traders do not learn from their mistakes. However, reflecting on past errors can help you avoid making the same mistakes in the future and emerge stronger. William S. Burroughs once said, "When you stop growing, you die." This is particularly important for traders. They should always be growing in order to stay flexible and adapt to changes in the market. Fear is a major psychological factor in trading Fear is a powerful emotion that can derail your trading strategy. It can make you miss profitable opportunities or exit a losing position early. Fortunately, you can control fear through a solid exit strategy and a neutral mindset. The most effective way to overcome fear is to never risk more than you can afford to lose. Fear can lead to impatience and greed. When you experience a positive trading experience, you want more...