Mistakes does not make a trader loser but repeating mistakes will - Page 2
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Thread: Mistakes does not make a trader loser but repeating mistakes will

  1. #1
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    Mistakes does not make a trader loser but repeating mistakes will

    I would like to start my topic with the help of the proverb " To make mistakes is Human" Believe me even the best traders the world has seen have made mistakes. If mistakes made a trader failure then I bet there would not be any successful trader.


    We do not become losers by losing a single trader neither do we become winners by winning a single trade.
    When we trade we will sometimes get profits and sometimes get losses. So to determine how well our trade is going we need to check wether we are overall in profits or in losses over a period of time like a month or year. Neither profits nor losses can be eliminated totally from our trading.


    Making mistakes is human but repeating mistakes is foolishness
    It is not mistakes but repeating the same mistakes again and again that makes a trader a big loser. When a trader learns from his mistakes and try to improve his trading habits then he will be on the path to become a professional trader. But a trader who ignores his mistakes or do not learn from his past mistakes and is trading is filled with repetition of same mistakes again and again then his future is bound to be dreadful as a trader.

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  2. #11
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    Quote Originally Posted by newentry View Post
    and now as the question is. how many times the traders make the same mistakes ? one, two or three or more ? and honestly, i often did the same mistakes in my first years, and it was caused by many factors, felt curios with something, big ambition , emotion and etc, but step by step i have passed them one by one, and make the situation that today is better than yesterday
    How many times trader can take the mistake? I think the answer is not once, two or three, but numerous mistake will being get by trader. Once, we get mistake today, We learn for those mistake, and in the next day, we can get other mistake and learn from those mistake. Make msitake and learn from the mistake is the basic learning process in forex trading.

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  3. #12
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    Quote Originally Posted by samprazaan View Post
    [lang=id]we just need to learn and practice more and more, do not think to stop it, this is a way for us to understand something and how to take the right steps, it will need a time to understand something and maybe will get the same mistakes and give loses, but it does not mean we did not learn from the experiences, many success traders got the same mistakes for thousands, but they never stop learning[/lang]
    if we already have a trading theory, we need a lot of exercise. we will get a lot of experience, then we learn from experience. if we do not repeat the mistake, then we will increase the ability of trading. it will run naturally. so traders need a lot of time to learn

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  4. #13
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    As many of us knows that the importance here is to teach our selves how to a void making the mistakes and do not apply the same mistake again . not only to detect or discover the weak points . I think that it may be so good for us if we trained alot about the ways in which we can solve these problems . we may get a very good result

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  5. #14
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    Quote Originally Posted by hosny55 View Post
    As many of us knows that the importance here is to teach our selves how to a void making the mistakes and do not apply the same mistake again . not only to detect or discover the weak points . I think that it may be so good for us if we trained alot about the ways in which we can solve these problems . we may get a very good result
    experience is the best teacher, you can do an evaluation to determine the trading mistakes and do not repeat the same mistakes. This is very important. so that traders who have a lot of experience to be successful. unless the trader can not learn from experience, he will fail again and again

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    Quote Originally Posted by hosny55 View Post
    As many of us knows that the importance here is to teach our selves how to a void making the mistakes and do not apply the same mistake again . not only to detect or discover the weak points . I think that it may be so good for us if we trained alot about the ways in which we can solve these problems . we may get a very good result
    experience is the best teacher, you can do an evaluation to determine the trading mistakes and do not repeat the same mistakes. This is very important. so that traders who have a lot of experience to be successful. unless the trader can not learn from experience, he will fail again and again

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  6. #15
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    Quote Originally Posted by hosny55 View Post
    As many of us knows that the importance here is to teach our selves how to a void making the mistakes and do not apply the same mistake again . not only to detect or discover the weak points . I think that it may be so good for us if we trained alot about the ways in which we can solve these problems . we may get a very good result
    Avoiding the mistake is very good option. But if once the mistake come to us, we must accept the mistake. Trader must face in the reality in the forex trading that sometimes, trader can be so discipline and trading can be so undiscipline then trader doing many mistake in forex trading

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  7. #16
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    Quote Originally Posted by aris90 View Post
    Avoiding the mistake is very good option. But if once the mistake come to us, we must accept the mistake. Trader must face in the reality in the forex trading that sometimes, trader can be so discipline and trading can be so undiscipline then trader doing many mistake in forex trading
    It is only when the trader accepts his mistakes he will learn to correct the mistakes. Correcting our mistakes in trading will eventually make us professional and expert traders. Also sometimes the market moves against us despite our good analysis and that is not our mistake. But trading with greed, or trading without discipline or not following money and risk management are all some commong mistakes.

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  8. #17
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    Quote Originally Posted by PROPENSITY100 View Post
    It is only when the trader accepts his mistakes he will learn to correct the mistakes. Correcting our mistakes in trading will eventually make us professional and expert traders. Also sometimes the market moves against us despite our good analysis and that is not our mistake. But trading with greed, or trading without discipline or not following money and risk management are all some commong mistakes.
    right, we just need to open mind and accept the mistakes as the best eduction and then learn it, and it will make us grow better day by day, and we will understand about the market condition and sometimes it moves out from our analysis and give some problems or loses in hands, we take it, and this is not our bad analysis, but we need to recover it, but the fatal mistakes if the traders let the emotion stay and drive the mind,

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  9. #18
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    Quote Originally Posted by PROPENSITY100 View Post
    It is only when the trader accepts his mistakes he will learn to correct the mistakes.
    Correct. We have to learn in trading try our best and accept the loss, accept the mistake when mistake come over us. It is very natural way to do. Face the reality, the mistake always there. Sometimes, market move can not be predict before. SOmetimes get loss even trader have prepared all the possibility

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  10. #19
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    Quote Originally Posted by aris90 View Post
    Correct. We have to learn in trading try our best and accept the loss, accept the mistake when mistake come over us. It is very natural way to do. Face the reality, the mistake always there. Sometimes, market move can not be predict before. SOmetimes get loss even trader have prepared all the possibility
    [lang=id]good mental and psychoologies will make the trader easy to accept all the results, good or bad, and take them as their responsibility, and it will make them grow with good and be a mature trader, yes, sometimes the market move out from the analysis and problems come up, but with good mental, traders can accept and solve it with well[/lang]

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  11. #20
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    Quote Originally Posted by samprazaan View Post
    good mental and psychoologies will make the trader easy to accept all the results, good or bad, and take them as their responsibility, and it will make them grow with good and be a mature trader, yes, sometimes the market move out from the analysis and problems come up, but with good mental, traders can accept and solve it with well
    I have read an good quote from success person in life. The life is the main about mentality. It means the mentality is the most important thing determine the destiny of person. The life with ability, skills, capacity but the weakness of mentality will generate nothing in any life fiedl or work

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