Newcomers to the trading world are the most likely to stumble. Sometimes watching the account balance drop makes for a terrible mood. But honestly, the process of losing money is often the beginning of growth. If you can suddenly realize—when losses reach a certain point—that it's time to adjust your strategy and recognize your shortcomings—that's the turning point. Conversely, if you're always confused, it's better to go back to work first, wait until your mindset is adjusted and you have a deeper understanding of the market before coming back. There are no shortcuts in trading; both capital and mindset need to be resilient.

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