Yea, trading can be so hectic and full of it's ups and downs.
We tend to cut short or empty our wallets into these hungry blockchains. (Yea, hungry blockchains.🤣)
But, losses are losses to the space.
Whatever loss you get, you can't have it back.
Getting too emotionally attached to your funds, leads to you becoming a prey to Revenging.
After a certain loss, you go back into the market UNGUIDED, with the purpose of reclaiming what you lost.
And, one funny but a fact about the market is; it's no respecter of persons.
Newbie or not, you face your losses heads on.
Going back in in purpose of claiming what you've lost, you should be aware that you're at the verge of turning almost all your funds into the market again, again and again.
That's when you become an EXIT LIQUIDITY.
Getting overly furious at the market condition or a particular coin, may lead to you deciding to venture into a bloody revenge trade.
Of course, we all know revenge are always bloody.
Greed is also one big aspect that stirs up the revenge vibe.
For some traders, they tend to become scared of accepting losses and moving on.
As well as SHAME.
Maybe you got into a trading challenge with a friend, or cousin, brother or sister; theñ eventually you got to lose; yea .......it will be very hard to accept the shame that comes with it.
What comes first to mind is REVENGE TRADING.
(Okay, here the solution comes)
It's hard to admit a loss, and to keep emotions aside.
But, it would be worth it.
Simply take a step back.
Maybe, have some sleep.
Immediately you discover a loss, go take a shower, then go straight to bed.
This therapy helps a lot.
You may want to close trade for that day, yes do it.
Mostly when the loss is or was big.
After the short break off the market, now it's time to check what caused the loss.
What you did or didn't do earlier before the trade.
A trader must be SELF AWARE.
If the market is all down, you need to stay put.
Stay out of the market, until you see positive signals.
Coins launched on bad market conditions most likely don't go well.
The wave of volatility will be real strong.
It is right to also assess your trading strategy to see if it's conducive for the market condition at that time.
CHECK YOUR ENTRY AND YOUR EXIT STRATEGY.
One key aspect of it.
Did you see a good entry or you forced your trade?
Evaluate that.
After all your assessments, it's time to make your adjustments.
You may also see it fit to adjust your trading routines.
If you were trading four to five times in a day, you should check it properly, you may need to reduce your trading routines to thrice daily.
The more you trade in a day, the higher the risk of losses.
NOTE THAT.
