Once you’ve realised your error, you’ll be in a great position to correct it.
One tragic loss was all it took to send me to my knees.
Because of the magnitude of the loss, I stayed away from trading for close to two years.
During that time, I was able to reflect on my successes and failures as a trader and gain valuable insight.
Famous soybean trader Roy Longstreet once said, “Your first mistake educates but your second error kills,” and I’ve always found it to be an inspiring and instructive saying.