“Your best teacher is your last mistake.” — Ralph Nader
Making mistakes is a part of life. We all make them, and we learn from them. The same goes for trading or investing — it’s a learning process, and you’ll make mistakes along the way, but the key is to learn from those mistakes.
Your best teacher when it comes to trading is your last mistake. So, make sure you keep track of all your trades, both wins and losses, and review them regularly. Note down what went wrong and why it went wrong. That way, you can avoid making the same mistake again and it’ll prevent you from having heavy losses. Remember, success comes to those who are willing to learn from their failures. So, study your mistakes carefully, and use them to make smarter investment decisions in the future.