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

Medlem sedan Nov 04, 2011  6 poster 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'
Orientalgeneral

Medlem sedan Dec 23, 2011  34 poster jou yu (Orientalgeneral) Dec 27 2011 at 08:29
Cool

Manage Your Risk
liquidityFX

Medlem sedan Nov 15, 2011  61 poster Jos (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.
soyamilk

Medlem sedan Jan 06, 2012  2 poster soyamilk (soyamilk) Jan 07 2012 at 10:51
yell if i didn't follow my trading rules then I raise my fist and say 'you stupid, why did you take that trade'.

cool if I followed my trading rules I remain calm, then to review and see what went wrong

If there is a trend in SL being hit, then should take a week break

Simplicity is the ultimate sophistication. "Leonardo Da Vinci"
Chikot

Medlem sedan Jan 14, 2010  2196 poster Chikot Jan 07 2012 at 11:11

   soyamilk posted:
   yell if i didn't follow my trading rules then I raise my fist and say 'you stupid, why did you take that trade'.

cool if I followed my trading rules I remain calm, then to review and see what went wrong

If there is a trend in SL being hit, then should take a week break




by 'trend in SL being hit' you mean losing streak?

soyamilk

Medlem sedan Jan 06, 2012  2 poster soyamilk (soyamilk) Jan 09 2012 at 07:47

   Chikot posted:
   
   soyamilk posted:
   yell if i didn't follow my trading rules then I raise my fist and say 'you stupid, why did you take that trade'.

cool if I followed my trading rules I remain calm, then to review and see what went wrong

If 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

Simplicity is the ultimate sophistication. "Leonardo Da Vinci"
callenaw

Medlem sedan Jan 05, 2012  25 poster Callen Aw (callenaw) Jan 18 2012 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
angelbullcom

Medlem sedan Jan 31, 2012  5 poster angelbullcom Feb 04 2012 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.

SilverBullet

Medlem sedan Oct 14, 2011  5 poster SilverBullet (SilverBullet) Feb 12 2012 at 07:39
Stop Loss is a signal to tell you in which direction the market is moving. Trade in the opposite direction.

myfxpt

Medlem sedan Aug 06, 2011  299 poster Gary Sharp (myfxpt) Feb 24 2012 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!

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