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having a losses

May 24, 2019 at 09:58
86 Replies
vontogr (togr)
Member Since Feb 22, 2011   4862 posts
Dec 17, 2019 at 07:26
Scientist2 posted:
The bigger is your account, the easier is to handle losses. However after 2-3 unlucky trades I stop trading for a day just because I understand that I am losing confidence and unable to make as good decision as usual.
The bigger your account the bigger absolute losses. Otherwise you do not use proper money management.
Member Since Feb 28, 2019   140 posts
Dec 17, 2019 at 13:07
Roberto21 posted:
the man who can make real money from here of course has most powerful analyzing trading knowledge including a reliable support from a credible trading broker.  
I disagreed. No one can predict the market. Just accept loss and use proper money management, thats all we need.
Member Since Aug 11, 2017   886 posts
Jan 01, 2020 at 08:35
according to me, Loss is an inevitable part of trading that cannot avoid after passing a long time , but when we making loss , we lost control and trade over and over as a result we become loser ultimately and blame this market place.  
Member Since Apr 18, 2017   718 posts
Jan 01, 2020 at 13:11
Roberto21 posted:
after having a losses from trade we become emotional and trade over and over , we lost our motive and mind , as a result become loser. its more appropriate to become cool when having a loss and stop trading for a while.  

On the other hand, we need to use the Stop Loss trading tool for sure!
Member Since Jul 20, 2020   232 posts
Sep 14, 2020 at 13:24
Loss is a common thing in forex trading. If you can deal with your losses properly, you can become successful in this market.
Member Since Apr 01, 2020   231 posts
Sep 15, 2020 at 00:55
EbonyJones posted:
Loss is a common thing in forex trading. If you can deal with your losses properly, you can become successful in this market.
yes, you are right loss is common thing in Forex and most of the traders loss their money and leave forex quickly. But you can minimize your loss if you have proper strategy and plan and also have good money management and these all things come with experience and practice.
Member Since Jul 19, 2020   788 posts
Sep 15, 2020 at 00:57
It is not possible to make a profit in trading if there is emotion. Emotional trading is very harmful to your investment. When I lost a trade, I would open 4-5 more trades to cover that loss, and then I would see that all the trades were lost because I gave priority to my emotions. To control emotions, you need to meditate after each trade close. Meditation helps to control emotions.
Member Since Jul 19, 2020   298 posts
Sep 15, 2020 at 05:54
Reacting to a loss by opening a new trade is called revenge trade. Never do that. By doing so your mind get messd up. Most of the time we become unable to understand the market. We should be relaxed and think logically and make logical decision.
Member Since Jun 26, 2020   327 posts
Sep 15, 2020 at 07:19
traders make losses due to many reasons , i always make loss by means of same mistake , its very stupid thing i know , and i am trying to come out from this bad habit.
Member Since Aug 17, 2020   123 posts
Sep 15, 2020 at 09:55
Losses are not always the result of a mistake. No system is 100% perfect. But definitely don't 'stop trading for a while' (don't revenge trade either ofc) because of a loss. Reevaluate the situation. Consistency is not always gaining, it's minimizing the losses as much as possible.
Member Since Jul 19, 2020   751 posts
Sep 15, 2020 at 10:04
To overcome this issue you need to know what you are doing. As Warren Buffett said, Risk comes from not knowing what you are doing. If you know your strategy, winning percentage, risk-reward ratio properly, you will not react to any loss. Because you know you will recover it.
Member Since Aug 26, 2020   78 posts
Sep 15, 2020 at 10:30
You are absolutely right, if everything is clearly finished according to your strategy and trading plan, then the sharpness will be quite minimal and the losses will seem insignificant.
Member Since Mar 16, 2020   54 posts
Sep 23, 2020 at 05:35
One should have proper risk management to reduce the losses. and one needs to control his/her emotions while trading.
Member Since Jul 23, 2020   759 posts
Oct 04, 2020 at 18:02
Roberto21 posted:
Lacking of money management is a part of losing, I admit it. But not the foremost at all. The main issue is keeping emotions with lack of good trading knowledge.
You are right. However, SL is also one of the reasons to lose money. Sometimes traders blow their account due to not setting SL in their trade.
Member Since Jul 19, 2020   318 posts
Oct 05, 2020 at 11:25
Loss is a co0mmon issue in this market. If you want to make money from this market you need to have proper plan to deal with the losses properly.
Kent Agang (kentagang)
Member Since Sep 21, 2020   2 posts
Oct 05, 2020 at 12:25
Losses come from very many and different sources. At every one time when you open a position in the market, ensure you know what you are doing. be aware that it could go bad so use proper risk management and money management.
vontogr (togr)
Member Since Feb 22, 2011   4862 posts
Oct 05, 2020 at 12:36
Having a loss is part of trading and it has to be part of trading plan,
which defines when to close the trade, even though it is not in profit.

On the other hand having too many losses leads to unprofitable trading which is not your goal I hope :)
lovefortrading (perryjohn765)
Member Since Sep 12, 2017   238 posts
Oct 06, 2020 at 02:25
profits and losses are part of the game. profits does not mean to be over confident and losses does not mean to quit and be sad. both the sides needs to go together. You will win some and lose some.
Member Since Jul 01, 2020   27 posts
Oct 19, 2020 at 11:58
Revenge trading is the worst of all! Hate when I do it!
Member Since Jun 30, 2020   90 posts
Oct 20, 2020 at 05:18
Of course, every loss is a kind of shock for us, but we must always be able to pull ourselves together and continue trading, drawing conclusions from failure.
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