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How do u react, the moment your trades hits stoploss?
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Member Since Nov 04, 2011 6 posts
Jason Ryan (jasonryanforex)
Dec 27 2011 at 07:12
Hi there 7forex, don't beat yourself down about it. Forex trading is a constant learning curve. The fact that you are aware of the problem is a good sign. You can better control your emotion by reading & learning more about trading psychology.
To your success, Jason Ryan 'The best investment available is to Invest In Yourself' |
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Member Since Dec 23, 2011 34 posts
jou yu (Orientalgeneral)
Dec 27 2011 at 08:29
Cool
Manage Your Risk |
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Member Since Nov 15, 2011 40 posts
liquidityFX
Dec 29 2011 at 19:06
Hmmm, I tend to not watch my system's live accounts too much, only the demo's for those components that I'm still testing (after a successfully 99% backtest). But, if I was trading manually...I would really hate to hit stoplosses and would probably watch TV for 15 minutes with a cup of tea :)
When you fall you learn, then you get up and you try again until you master it. |
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Member Since Jan 06, 2012 2 posts
soyamilk (soyamilk)
Jan 07 at 10:51
 if i didn't follow my trading rules then I raise my fist and say 'you stupid, why did you take that trade'. if I followed my trading rules I remain calm, then to review and see what went wrongIf there is a trend in SL being hit, then should take a week break "dreams are extremely important. You cant do it unless you imagine it" |
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Member Since Jan 14, 2010 1424 posts
Chikot
Jan 07 at 11:11
soyamilk posted: if i didn't follow my trading rules then I raise my fist and say 'you stupid, why did you take that trade'. if I followed my trading rules I remain calm, then to review and see what went wrongIf there is a trend in SL being hit, then should take a week break by 'trend in SL being hit' you mean losing streak? |
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Member Since Jan 06, 2012 2 posts
soyamilk (soyamilk)
Jan 09 at 07:47
Chikot posted: soyamilk posted: if i didn't follow my trading rules then I raise my fist and say 'you stupid, why did you take that trade'. if I followed my trading rules I remain calm, then to review and see what went wrongIf there is a trend in SL being hit, then should take a week break by 'trend in SL being hit' you mean losing streak? yes. losing streak "dreams are extremely important. You cant do it unless you imagine it" |
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Member Since Jan 05, 2012 25 posts
Callen Aw (callenaw)
Jan 18 at 11:40
If it's 2 consecutive loss, I take a break and wait for the next session. One way is if I decide to enter a trade with huge SL, I'd reduce my contract size. This way my losses are manageable. I would also plan on what possibilities and GOOD setups might occur and only trade them.
Let the market come to you |
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Member Since Jan 31, 2012 5 posts
angelbullcom
Feb 04 at 22:31
A lot depends on the trading style, but if you hit bad trade after another bad trade, that means something is wrong what you dont know. Just go away, let the time pass, newer try to fight back.
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Member Since Oct 14, 2011 5 posts
SilverBullet (SilverBullet)
Feb 12 at 07:39
Stop Loss is a signal to tell you in which direction the market is moving. Trade in the opposite direction.
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Member Since Aug 06, 2011 85 posts
Gary Sharp (myfxpt)
Feb 24 at 08:18
It's just another trade...good or bad. A good strategy is only as good as the person trading it, and if hitting a stop-loss makes you uncomfortable then you probably don't understand the strategy you are trading. For instance, if a system is historically running on a 50/50 win/lose ratio, with losses limited to 2% of equity combined with an average 10% gain per winning trade, then hitting a stop-loss is merely a stepping stone towards the next profitable trade. Historically the strategy will make a 50% gain and a 10% loss over every 10 trades. Of course, what we can't see coming are the potential 50 losing trades in a row, to be followed by 50 winning trades in a row...now that would be disconcerting!
Keep it simple! |
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