Seeing what happened to your in the past was because your are not well disciplined.because if your well disciplined you would have a greater chance to understand the basic of wanting to spend capital or resources at a wrong time and for wrong thing(game).but I still relate that experience is a great teacher.i know you wont try to make such mistakes next time.because of the you would have understand priority by now.
If we have realized the mistakes we made in the past and we will try to correct those mistakes and promise not to repeat those mistakes again in the future, spending capital at the wrong time will certainly make us suffer losses and will not be able to get any profits. is this and we have to make this an experience for the future and we will learn about it so that we can do better in the future and we have to really understand carefully what we are going to do and also we have to be able to control ourselves when deciding something and not never been in a condition that was not good for deciding something.
We should, so that we won't lose huge anymore and we will now earn a better profit. Wrong time of spending a capital must be when the price of assets are high and this is why we are taught to only buy at the lows, so that we can be able to sell easily once the price recover and rise. It's also important to choose the right assets because even if you follow that rule but you pick a bad asset, you will still lose.
Self-control and decision-making are separated or not the same, and when deciding about something, we must be clear. If we control ourselves, how can we able to decide and proceed? Self-control is still needed so that we can lower our risks.
"BUY LOW SELL HIGH"
This is the basic principle on which trader should really be following but the main question is, would you able to do such thing? For sure all of us wont really be wary on what are those sweetest spots
This what makes tons of people do fail up on dealing up with trading or investing just because they dont even know on what they should gonna do. Self control is really that something that should be applied to all
on which it would really be just that right that you do have this kind of quality as an investor and wont really be that making yourself get blinded or being rushed up on the decisions that you are making.
If you do find yourself having that kind of problem then its better to assess yourself on what you should gonna do.
Sooner or later you would really be able to find for yourself or realize onto those things and you would just adjust accordingly basing up on what you are currently facing
or really be that dealing into.It would be just that depending on you on what are the things that you would be gonna doing.
