Is there "life" after the loss of the first deposit?
In this article we will talk about not very pleasant things for any beginning trader. Namely, we will talk about losses on, in particular, we will consider the question: "What to do if the first deposit is lost?
There's no reason to go off the track
In most cases, regardless of the desire of beginners tradersThe first deposit is usually lost. And at this very moment, The main thing is not to get out of the race, properly motivate yourself for further work and training on the market. Many beginners, after the first defeat, lose heart and leave the market forever. Perhaps, this is right, because the market does not tolerate weaklings, especially if it is the currency market.
But what happened is what happened - you lost the deposit. At this point, you need to take a short break, say 2-3 weeks. And do not think about it at all. Mind your own business, distract yourself from the stress of the day before.
Looking for the reason in yourself
When your mind has already cooled down from anger, you can begin to analyze what happened to your deposit. First of all, you have to understand what caused it. It is stupid and makes no sense to blame the market or analysts in this situation. You have to understand that You are the only one to blame for this loss of moneyand no one else.
Your second step should be the analysis of your trade. Specifically, understand what caused the loss - non-compliance with the TS, non-compliance with MMThere could be a lot of options, but you have to understand why it happened.
Working on mistakes
After you get to the bottom of it, this mistake will be remembered for the rest of your life as a trader. Usually, the reason for the first failures is greed and not following your TS.
Next, after the loss of the deposit, you have been fully analyzed, it comes the period of resumption of trade, taking into account old mistakes. The main thing here is not to go to extremes, that is, to borrow money from someone to deposit, to get into loans. You have to find your own money, or earn it.
The most important thing is not to make past mistakes, and constantly learn, practice. In trading, the best teacher is time and constant practice. Don't lose your sense of humor and don't take things personally.