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How do u react, the moment your trades hits stoploss?
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Orientalgeneral

Пользователь с Dec 23, 2011  34 сообщений jou yu (Orientalgeneral) Dec 24 2011 at 10:00 (Отредактировано Dec 24 2011 at 08:30 )
Mine is that i take like 30 minutes brake, reading the market to know where to enter back maybe to recover my loose, or if the market is do dull after that, i may take a breake for the day.

How do u react?

Manage Your Risk
jasonryanforex

Пользователь с Nov 04, 2011  6 сообщений Jason Ryan (jasonryanforex) Dec 24 2011 at 11:04
Take it in your stride, losing a trade is part and parcel of fx trading. Do not rush back into the trade, because chances are you are going to make a trading decision you'll regret. There will always be good trading opportunities every single day.

Look at the long term, realize that forex is going to be around for a long time to come, so there is no need to rush back into any trade. Keep your emotions at a calm level when entering a trade (*it is difficult to keep our human emotions calm when we have just lost a trade)

Hope this helps!

Wishing all traders success,

Jason Ryan

'The best investment available is to Invest In Yourself'
Orientalgeneral

Пользователь с Dec 23, 2011  34 сообщений jou yu (Orientalgeneral) Dec 24 2011 at 11:20

   jasonryanforex posted:
   Take it in your stride, losing a trade is part and parcel of fx trading. Do not rush back into the trade, because chances are you are going to make a trading decision you'll regret. There will always be good trading opportunities every single day.

Look at the long term, realize that forex is going to be around for a long time to come, so there is no need to rush back into any trade. Keep your emotions at a calm level when entering a trade (*it is difficult to keep our human emotions calm when we have just lost a trade)

Hope this helps!

Wishing all traders success,

Jason Ryan


You are correct, most traders always find it difficult to control their emotions after loosing a rade, infact that is one of the problems u have to overcome to be a good risk manager

Manage Your Risk
Chikot

Пользователь с Jan 14, 2010  2194 сообщений Chikot Dec 24 2011 at 12:47
I personally feel nothing anymore. start looking for another opportunity right away.
the most important is not to move stops as it interferes with overall profitability. Even additional 10-20 pips move can hurt longer term. I wonder how many trader's gut feeling says they are wrong before stop is hit and they close trade for less pips loss. It happens to me almost bal the time. I sense that I am wrong and 90% I am right about it.
Like 2 days ago. went firstly short on e/u. then I saw little progress in my direction instead pip by pip move against me higher low. I closed for 4 pips loss instead of 20 and reversed. Bingo!

I also strongly believe that trading without having stops and having high hit rate is an illusion. sooner or later fat tails will kill that trader's account.

7forex

Пользователь с Nov 03, 2011  56 сообщений 7forex Dec 26 2011 at 19:35
I really appreciate this thread and all your posts. They help me so much and I need to learn, improve myself from your advices because I always want to get right it to earn what I just lost back after being stopping out.

I must think getting stopped out is one of the right thing, instead of thinking I am wrong. I should also walk away from the computer for a while just like Affi2 post.

Anyway, I can trade well when I can control my emotion and trade terrible when I am trading emotionally. Must improve myself on this area which is the hardest part of Forex trading.

I love taking risk with the right returns.
walker36

Пользователь с May 13, 2011  1341 сообщений Steve Walker (walker36) Dec 27 2011 at 01:42
if your trading system is not generating profit for medium and long term then it does not matter how you react or feel after a loosing trade or loosing period due at the end the overall result will be loose. so before start trading live be sure that your system is profitable or at least not a looser. to do this you should test it with demo and or by coding. depends on the system.

walker

Trade The Trend! Defend To Price!
Orientalgeneral

Пользователь с Dec 23, 2011  34 сообщений jou yu (Orientalgeneral) Dec 27 2011 at 05:30
^^ We are tallking about winning systems

Manage Your Risk
walker36

Пользователь с May 13, 2011  1341 сообщений Steve Walker (walker36) Dec 27 2011 at 05:45
if its a winner no need to discuss the emotions or loosing periods. its a winner

Trade The Trend! Defend To Price!
7forex

Пользователь с Nov 03, 2011  56 сообщений 7forex Dec 27 2011 at 06:30
To me, most systems can make money. However, only the traders who can manage their emotion well can really make profits from trading. I trade the same system for many years and only make money when I can manage my emotion well and lost huge when I am trading emotionally out of control.

I love taking risk with the right returns.
walker36

Пользователь с May 13, 2011  1341 сообщений Steve Walker (walker36) Dec 27 2011 at 06:48
I am not talking about some traders that they really feel the trades this is something like a musician that can play piano form age 5 but for all other traders the Symptoms for Long and Short are the same. what ever used to determine.

when I code a algo for Long I copy it and test it on short also as it is and got the quite same results. the only difference is the when market sideways or trending.

what I have learned is closing over a level 2 times or breaking trendlines or support or what ever means nothing. if price will move it moves no matter what.

any trading system can make money for certain time period. the importance is the consistancy and %DD.

last few months what I have understand is bar close bar low bar high price action means also nothing. the most important thing is the patterns. you can call those Elliot patterns sHs or others.

walker

Trade The Trend! Defend To Price!
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