(
Hey look let's be real everyone has been there as a trader. You buy a stock or currency at lets say $1 and as soon as you do the dump begins. You get panicked and you sell low lets say $.50. And just like that you loose half your capital. To only see it go up the next day $1.50. Ouch.
Now this is where you can learn just pause here for a second. Breathe in breathe out. What did you learn about yourself ahhh yes you read it right not what you learned about the markets ohh no they are always changing. But hopefully you learned that you are impatient you can't wait for a return you must have it now.
You must endure allow time for market movements and corrections. Know your goals and stick with them. If you are looking for a 2x return then sell at 2x a profit is a profit. Waiting for 5x may be tooo greedy and then you could end up needy.
Everyone knows "only trade with what you can afford to. Loose" but how many break that rule daily. Matter of fact that's one of the main reasons for panic trading think about it. So don't use rent money wedding money child support. Use money set aside specifically for trading knowing if it all went away your lights would still work and your family can still eat.
So in closing stay encouraged and dont forget to have fun. Let the dips happen. Wait for your exit. Just don't try to get off at the next stop!