@Umartrades1 yes thats the loop where most traders get trapped for forever and finally quit. because they want to enjoy the fruit of someone's else hard work.
no one can teach you trading, you have to learn it by yourself like in any other endeavor of life. someone can guid you but you have to decide to learn it by yourself.
“When you learn the trading skill of risk acceptance, the market will not be able to generate information that you define or interpret as painful. If the information the market generates doesn’t have the potential to cause you emotional pain, there’s nothing to avoid. It is just information, telling you what the possibilities are. This is called an objective perspective—one that is not skewed or distorted by what you are afraid is going to happen or not happen.”
Mark Douglas, Trading in the Zone: Master the Market with Confidence, Discipline, and a Winning Attitude
losing mindset will cost you by:
• FOMO trades
• fear of being wrong
• revenge
• cutting winning too early
• cutting losing trades late
it will cost you by holding losers longer and cutting winners before they hit TP. you will start taking small wins and big losses.