Trading success is often a journey of ups and downs, and maintaining discipline through it all is key to achieving long-term profitability.Well this has happened to all of us, having a day in which we win absolutely everything or that day is very positive to days that seems that our strategy or robot begins to lose everything, but in my opinion everything is based on averages, and if we manage to stay disciplined we already have 80% of the way done, trading is more psychological than technical.
We could avoid these situations mentalizing the loss as something natural, the first accounts are going to burn, it is a process that we all go through, the long term result is what matters, it is the wrong perception that leads many people to ruin, trading is not getting rich from one day to another with 150% profitability, it is a form of investment and like any other carries its risks as well as its benefits.
it's saved your account before, and it'll do it again. Keep at it!I still suffer from not sticking to my plan and making trades without planning, but still I can remember times sticking to my plan rescued me from blowing my account!
Agree that each mistake is a learning experience; the key is to comprehend and utilize this knowledge effectivelyCan't really recall a particular even, but in general it is what will take you to the next level, you behavior in trading will be much more professional like.
Using an EA for trading has its perks, like removing emotional decisions, but it's not foolproof. EAs can't always adapt to sudden market changes, and relying too much on them might stunt your growth as a trader. Balancing automated trading with your own insightsDiscipline seemed like the biggest issue for me, staying consistent/not emotional was a huge issue for me to overcome, so I found a way around it, by using an EA. Not sure it helps if you want to learn how to trade though, however that's what worked for me.
Don’t forget to have a backup strategy for unexpected situations!Discipline seemed like the biggest issue for me, staying consistent/not emotional was a huge issue for me to overcome, so I found a way around it, by using an EA. Not sure it helps if you want to learn how to trade though, however that's what worked for me.