knowledge is important but its all about for temporary session , but experience is permanent. so always try to gather good experience by practice more and more.
loss is really a common thing that we the traders cant avoid after having most powerful analyzing trade knowledge. so we the traders should take losses easily.
i have seen according to my trading experience some common mistake we do always even after having major losses. why we cant come out from same mistake . i know same mistake not a mistake its a own choice but myself doing also.
Thanks in Advance
learning is important there is no way to ignore , but in spite of having much learning trading can be useless if there is no regular level of practice.
exact percentage is of course important , because everyone deserve this and incorrect percentage can make trades confuse about this market place. this sign is not good at all.
when making a losses we the traders always try to recover this losses by trading over and over this is really a non-sense plan that always happen for newcomers mostly.