Duamentes Experts Reveal LATAM Traders Lack Self-Control to Recover After Financial Losses

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Duamentes recent study shows that nearly half of traders in Brazil and Colombia have paused trading for at least a month due to financial losses. Despite these challenges, many remain committed to trading.

Experts indicate that experienced traders often view losses as valuable learning opportunities, while newer traders may struggle with motivation after setbacks.

The survey identifies common recovery strategies among traders, which include:

  1. Enhanced Discipline: Many traders focus on adhering to their trading plans and strategies more rigorously after experiencing losses.

  2. Self-Control: Traders emphasize the importance of managing their emotions and avoiding impulsive decisions in future trades.

  3. Reflective Learning: Engaging in post-trade analysis to understand mistakes and improve future trading decisions is a key strategy.

  4. Continued Education: Many traders seek additional educational resources and materials to enhance their trading skills and knowledge.

Additionally, the survey reveals a smaller group known as "Traders-Gamers," who often approach trading more emotionally, though they may hesitate to acknowledge this aspect. Overall, these recovery strategies reflect traders' resilience and commitment to navigating the complexities of trading despite financial setbacks.

The online survey consisting of 23 questions was conducted with over 600 respondents in Brazil, Colombia, and Mexico by Duamentes Global Alliance in 2024.

About Duamentes

Headquartered in the UK, Duamentes Growth & Strategy Alliance harnesses market insights, propels sustainable scaling, and boosts revenue streams. 

Contact: 

Ksenia Sternina
Managing Director
[email protected]
+442045705763

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