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Quit from trading ?

kamikazebogeyman
Nov 08 2019 at 12:47
10 posts
When losses build and build it is a big emotional problem. one or two is fine but when have 8 losers in a row despair kicks in

steveday1976
Nov 08 2019 at 15:59
50 posts
kamikazebogeyman posted:
When losses build and build it is a big emotional problem. one or two is fine but when have 8 losers in a row despair kicks in
yes i have been able to relate to that in the past.

Johny_tr
Nov 15 2019 at 11:28
34 posts
kamikazebogeyman posted:
When losses build and build it is a big emotional problem. one or two is fine but when have 8 losers in a row despair kicks in

I know, giving suggestions here is easy and going though that in reality is surely tough. But then, don’t give up on your confidence, losses can only be transformed into profits, if you will transform your despair into trusting yourself again.

burstfiltering
Nov 15 2019 at 11:47
9 posts
We have all had losses and it is tough but who here has then come through the dark patch and made it as a successful (profit making) trader? If no one can answer that question we should all give up now and start something else

BotTracking
Nov 16 2019 at 06:16
10 posts
Imamul posted:
its a common reality , there is none who quit from trading for lifetime. we discourage after having losses and come back again after a while.


Forex is a huge area to understand. Basically, you need to trade currency pairs in this market by analyzing several factors. You can read some articles for basic knowledge. If you want to learn more about Forex trading. Quit could not be a solution never ever. If someone having losses he should find out the problem of what is he is doing wrong and what he should do to become a successful trader. The most important thing is without enjoying this I think no one can succeed. So if there is anyone not enjoying forex then I will suggest to quit and prefer to do something different.

Professional4X
Nov 17 2019 at 01:28
1189 posts
kamikazebogeyman posted:
When losses build and build it is a big emotional problem. one or two is fine but when have 8 losers in a row despair kicks in




Risk management should always be the #1 priority.

Automate where reasonable and realistic.

Trade without emotion. Emotions have NO PLACE in trading.

If it looks too good to be true, it's probably a scam! Let the buyer beware.
Professional4X
Nov 17 2019 at 01:43
1189 posts
BotTracking posted:
Imamul posted:
its a common reality , there is none who quit from trading for lifetime. we discourage after having losses and come back again after a while.


Forex is a huge area to understand. Basically, you need to trade currency pairs in this market by analyzing several factors. You can read some articles for basic knowledge. If you want to learn more about Forex trading. Quit could not be a solution never ever. If someone having losses he should find out the problem of what is he is doing wrong and what he should do to become a successful trader. The most important thing is without enjoying this I think no one can succeed. So if there is anyone not enjoying forex then I will suggest to quit and prefer to do something different.


Nonsense. You say 'quote could not be a solution never ever.', that's absolutely incorrect.

If an investor is losing money in the markets, and they cannot seem to make a profit, then I would say they should absolutely QUIT trading. Throwing money away is absurd. They might as well just put all their money in a big pile, pour gasoline on it, and light it on fire, because they're not going to have it very long if they don't trade properly. I'm not implying anyone should ACTUALLY burn their money, but what I am saying is t hat it's absurd to keep trading if you can't make a profit properly from it.

Also, first you say people should not quit, and then at the end of your post you say that they should quit.

You're sending mixed messages hear. Perhaps you've lost recently and you're externally pushing your own emotional levels on others? Not sure, but perhaps you might find meditation helpful to get refocused.

Traders experience massive losses in the markets for one reason and one reason only, a lack of effective risk management.

Without proper Risk Management, a trader will not be able to sustain a consistent level of profitability.


If it looks too good to be true, it's probably a scam! Let the buyer beware.
Professional4X
Nov 17 2019 at 01:45
1189 posts
burstfiltering posted:
We have all had losses and it is tough but who here has then come through the dark patch and made it as a successful (profit making) trader? If no one can answer that question we should all give up now and start something else


I've experienced losses. I've never met a long term investor who hasn't.

The difference however between someone who is profitable over the long term of their investing career, and someone who is consistently losing really comes down to one thing.

RISK MANAGEMENT


If it looks too good to be true, it's probably a scam! Let the buyer beware.
Professional4X
Nov 17 2019 at 01:48
1189 posts
Imamul posted:
its a common reality , there is none who quit from trading for lifetime. we discourage after having losses and come back again after a while.



Absolutely wrong.

I personally know several investors who quit trading forex and moved on to other things. They don't invest at all now.

If a person does not have the skill set to be profitable, and cannot reasonable attain those required skills, then perhaps the best choice for that person is to STOP TRADING.

If it looks too good to be true, it's probably a scam! Let the buyer beware.
Professional4X
Nov 17 2019 at 01:50
1189 posts
peter_fx posted:
Imamul posted:
its a common reality , there is none who quit from trading for lifetime. we discourage after having losses and come back again after a while.

Quitting is no option as well, every trader should try to become better with losses, learn from them, rather than just avoid them and quit.


Absurd.

Quitting is ALWAYS an option, and for some investors it is most certainly their best option.

Think about it.

Do you think it's a good idea to keep trading if you can only lose money?

NO. Of course not, it is unreasonable to keep trading if you only experience loss.


If it looks too good to be true, it's probably a scam! Let the buyer beware.
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