Query : I have lost so much money in trading. Please help me to recover it.
Answer : Its said "A bad trading habit never disappears miraculously. Its an undo it yourself project". There are lot of reasons for a person to get loss in trading. But whatever the reasons you have for the losing trades, always remember, only you can make yourself as a successful trader.
Mentors/trainers can help you in educating technical analysis and trading psychology. Analysts can help you with their analysis. But during trading they wont be with you and only you have to handle your emotions during trading.
Transformation from a failure trader to a successful trader might not be fast and of course its not easy. But with your hard work, effort, determination, discipline and willingness to win anything is possible. Good luck !!!
Comment
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Please write your comments in this post to help fellow traders. everybody's view is worthy.
The mentality of recovering a loss, itself an evil idea. We should focus on the process of becoming good trader, if we go through that process properly over a long period of time then, all other things will be irrelevant.
vanathi
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@rajsoneji, Professional traders focus on the process. Ordinary people focus on the outcome.
MonMohan
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IF you are making money everything is correct. if you are losing money everything is wrong, stop trading
If you want to be an engineer, doctor, lawyer or any other carrier you need to study n of years and practice and see ups and downs.
when it comes to trading and investing people doesn't want to spend time studying and understanding how an industry works. as results, they lose all their capital if anyone wants succeeds give time to educate yourself, understand what is risk involved? profits are end results.
trading is a mind game always think in terms of probability, never risk more money that you can't afford.
Study the markets parallelly transfer a little amount to the brokerage account and trade a small quantity, (don't trade derivatives) it helps to practice. if you make is money in trading small then increase the quantity slowly. then the successful journey not too far
Query : if a trader claims to be so accurate why he/she can't earn enough by once's own trading skills. Why so many people spreading their skills in exchange of some thousands. To ponder the fact is there is no limitations on how much a trader can trade and if one is so skilled opportunities are there everyday.hope u will answer this .
vanathi
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@pandeyam, Why W. D. Gann took class & train so many people when his accuracy level is 85% ? Hope u will answer this :)
UnknownUnicorn3102729
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@vanathi, thank you for answer .would like to know more about your logic on it. I see many people around doing the same but at least it's good u have courage to answer
gregferns
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Failures are stepping stones to success... Having said that one should NEVER try to RECOVER LOSSES... Try to continue as normal. All successful traders are ONLY SUCCESSFUL AFTER THEY HAVE HAD LOSSES... I also have had losses.. But i am trying to forget about those losses and concentrate on minimising the losses.... Profits will always come ... i only know that i must continue my hard work and have patience... NOTHING IN LIFE IS FREE....
vanathi
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@gregferns, Right, determination is the key to success.
Harshita2
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Every successful trader was once a failure trader. The secret is to learn from the mistakes and not repeating them.