Mistakes does not make a trader loser but repeating mistakes will - Page 3
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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. #21
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    Quote Originally Posted by aris90 View Post
    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
    correct, mental is the power for them , 50 % winning has already done in hands and then with skills and ability, they can increase the percentages for winning , it can be more than 75 % for winning, and so why, if someone loss and down their mental, and although have enough knowledge and ability so all is nothing

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  3. #22
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    Quote Originally Posted by newentry View Post
    correct, mental is the power for them , 50 % winning has already done in hands and then with skills and ability, they can increase the percentages for winning , it can be more than 75 % for winning, and so why, if someone loss and down their mental, and although have enough knowledge and ability so all is nothing
    It is more critical percentages dear. It is about 95% ife destiny and life future is being determined by the mendality. The mentality is the soff trading, but very determined most in forex trading. When trader do the mistake in forex trading, trader based on the mentality is doing mistake first in mind

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  4. #23
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    Yes you are right brother i think that you are 100% right its really important to learn from your mistakes if you can learn from your mistakes than you are winner and its really foolishness if any one make same mistake another time. Its due to the lake of knowledge..

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  5. #24
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    Quote Originally Posted by Usmanali518 View Post
    Yes you are right brother i think that you are 100% right its really important to learn from your mistakes if you can learn from your mistakes than you are winner and its really foolishness if any one make same mistake another time. Its due to the lake of knowledge..
    [lang=id]hmm, the concept is right but hard to implement them, suppose that you got losing and it was the experiences that you had gotten and then tried to learn and evaluate them to fix and complete it, but at next trading you still get the mistakes and give you some loses too and even with the same mistakes, many of traders got losing and same mistakes and although have spent much time but it does not mean they did not learn from the parts, but it will need a time to get full understanding for it, maybe need several times for losing and failing or maybe hundreds, but after all, we can pass them and do trading with well,[/lang]

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  6. #25
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    Quote Originally Posted by aris90 View Post
    It is more critical percentages dear. It is about 95% ife destiny and life future is being determined by the mendality. The mentality is the soff trading, but very determined most in forex trading. When trader do the mistake in forex trading, trader based on the mentality is doing mistake first in mind
    right, so prepare mental with the strong one, because forex will give no mercy for everyone, and everything here depend to us, and traders will face so many problems that will dry their mental , the worst condition make them went down , and good condition will make them so useless

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  7. #26
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    Quote Originally Posted by newentry View Post
    right, so prepare mental with the strong one, because forex will give no mercy for everyone, and everything here depend to us, and traders will face so many problems that will dry their mental , the worst condition make them went down , and good condition will make them so useless
    Many things could make the trader a lower if he doe snot change them on time, and one of the is repeated mistakes, this would not bring much success out of the trader, and it would make the trader unserious. As you have said, there is no mercy in the market, all that would make you earn is your good works and plans.

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  8. #27
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    Quote Originally Posted by cozard007 View Post
    Many things could make the trader a lower if he doe snot change them on time, and one of the is repeated mistakes, this would not bring much success out of the trader, and it would make the trader unserious. As you have said, there is no mercy in the market, all that would make you earn is your good works and plans.
    [lang=id]right, need a good action on time to change the situation, because we do not play with the same mistakes and just give the same results and yes, there is no mercy at this business, all will get this problem and if do not know how to manage it, so make a good plan will help them to protect themselves[/lang]

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  9. #28
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    Quote Originally Posted by samprazaan View Post
    [lang=id]right, need a good action on time to change the situation, because we do not play with the same mistakes and just give the same results and yes, there is no mercy at this business, all will get this problem and if do not know how to manage it, so make a good plan will help them to protect themselves[/lang]
    If we will not follow the forex rules and will not prepare any plans for our trading then there will be no mercy in this business. We will loose our capital one by one, I think we can recover our trading performance by doing less mistakes, We should create trading journal to avoid regular mistakes. A deep observation is very important

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  10. #29
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    Quote Originally Posted by Khimi234 View Post
    If we will not follow the forex rules and will not prepare any plans for our trading then there will be no mercy in this business. We will loose our capital one by one, I think we can recover our trading performance by doing less mistakes, We should create trading journal to avoid regular mistakes. A deep observation is very important
    traders will try to always follow the rule of trading. but when trading on a real account, the trader will get emotional pressure, thus breaking the rule of trading. This is the reason trader gets loss. I see a lot of traders have the same mistake, that is breaking the rules of trading due to emotional stress

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  11. #30
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    Quote Originally Posted by newentry View Post
    right, so prepare mental with the strong one, because forex will give no mercy for everyone, and everything here depend to us, and traders will face so many problems that will dry their mental , the worst condition make them went down , and good condition will make them so useles
    I always believe, everything our life is coming from the insdie. We will get the success when we believe that we will get success in forex trading. Our mind, our emotional and our psychological mental is very important to determine the success bro. MEntality is the most important dear

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