Attaining margin call is not regarded as a joke. It is regarded as an unexpected and frustrating experience. As thoughtful as this particular call, it is not necessary to be an end of trading career. It is a significant reset, but is not regarded as an end.
Be cool
The first and the most important thing to keep in mind areto keep everything together. You should avoid doing impulsive things that might empty your account or begin revenge trading. Before one can take any type of decision, you should attain a clear view and figure the things that happened with you.
Assess the Mistakes
As one hates to confess that we have the capability of making mistakes, the mistakes in the field of trading happenby chance.The best thing that we should do is to face the problem when we commit anerror and take careful approach to recover them. After a margin call, you need to sit and find out your important mistakes. You should find whether you did over trading, use large number of leverage or tackle the specific trend?Setting the stop losses might be neglected or you might also consider it as a combination of certain things. Whatever may be the mistakes, you should figure out things that went wrong so that it can be avoided.
Begin Trading Log
An important step that you can follow in the future by yourself is to develop trading log. It could be professional log on the spreadsheet or just things one scribbles on a paper. Main concept is to maintain a record of each trade that one makes and declare a cause for trade as one makes it. When the month ends, one can review the trading decision and note if one is trading with direction or clarity. If you are able to find any type of mistakes, you could be more conscious for the following month of trading.
Write yourself in the form of a Reminder
You might consider it difficult so it is better to note down a noticeof why you finished with margin call. If the reason behind it is over trading, you will find that margin call is caused by over trading. Scribble it to a post and put them on the monitor of trading to remind you each time you place a deal. It might be regarded silly, but are regarded as true and tried processes that helps one attain success.
Keep in mindyou are in a good company. Professional dealers have certain margin calls infrequently. There are times when it becomes serious and there are also times when it is not regarded to be so serious. The most important thing is go through the method of figuring things that went wrong and utilize that in the form of tool for rebuilding yourself utilizing large number of disciplines. All of us are just human being and suffering from a failure is regarded as an emotional experience. These are not regarded as failures rather they are considered as learning experiences and should be seen in such a manner.
