Regrets is a feeling that traders feel when they see a missed opportunity to enter a trade setup or fail to make more money from a trade set up they earlier exited. If you don’t watch it carefully, just likes greed and fear, regret can ruin you trading.
If you allow regret get a better of you, it can affect your confidence, and belittle your abilities. With time, you may begin to feel you aren’t good enough or something is wrong with your strategy.
Secondly, regrets can make you enter the market after big moves with may present a higher risk and lower profit trade setup. When you see a big move you have missed out rather than try and chase the move, it is safer to keep your money safe and wait for the next profitable trade setup. Remember it’s a 24hr market; there will be more trades to place tomorrow.
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