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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » Regret taking the trade and want to recover.

Regret taking the trade and want to recover.

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Asoka Samarakone


Expert
Expert
Regret taking the trade and want to recover. 

Be patient and wait for the next high probability opportunity. Don't rush back in.

As soon as one has a losing trade, you want to quickly make back the lost money. You think about the other things you could have done with the money, regret taking the trade and want to recover as quickly as possible. This in turn leads to further mistakes.

Think positively, expect only favorable results and situations, and circumstances will change accordingly. It may take some time for the changes to take place, but eventually they do.

Be patient with your plan and think of it as a long-term voyage to a specific destination --- change direction infrequently and gradually. With a determination to learn and an eagerness to continue to learn your trade, what's stopping you from joining the best?
Asoka Samarakone 

ThilinaM

ThilinaM
Vice President - Equity Analytics
Vice President - Equity Analytics
wow age of 74 still a trader  Laughing Laughing Laughing

Sajeewa Niranjan


Senior Equity Analytic
Senior Equity Analytic
Good to have like you seniors to guide the Beginners like Me... Smile

KavinduTM

KavinduTM
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@Sajeewa Niranjan wrote:Good to have like you seniors to guide the Beginners like Me... Smile

Yeah that's so good.
me too  Razz

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