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When loss occurs
Mar 23, 2021 at 13:37
Member Since Jul 19, 2020
298 posts
When loss occurs, we need to remain calm. Keep patient to wait next trading opportunity and open position when it comes. Not necessary to rush to recover back and trade though no opportunity appear. It will make traders to get further loss than able to recover previous loss.
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Apr 04, 2021 at 23:24
Member Since Apr 03, 2021
470 posts
Loss is something that not expected, but sometimes inevitable, before losing big in single trades, prepare for the risk with a risk management plan, maybe can use stop loss, or trailing stop or cut loss manually, forex trading like as managing money to make money, if already finding profitable method, hence when money make money will achieve wealth
Member Since Mar 16, 2021
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Apr 05, 2021 at 00:56
Member Since Mar 16, 2021
477 posts
blackChelsea posted:I think one of the reasons for the loss is emotion. If I try to do emotional trading, no matter how much I deposit, I will never be able to gain profit from it.
This is the biggest enemy of a trader. I always try to keep my emotions away from the forex trading by back-testing the strategies for desired time frames which gives me confidence while trading.
Member Since Jul 23, 2020
869 posts
Apr 06, 2021 at 14:06
Member Since Jul 23, 2020
869 posts
Akasuki posted:Loss is unavoidable. So, try to recover the loss with the proper trading plan, not with just emotion.
After loss trade some people do revenge trade. They become desparate to recover the loss. But revenge trade brings more loss. A trader should stick to his strategy and plan.
Member Since Jun 26, 2020
327 posts
Apr 07, 2021 at 08:01
Member Since Dec 28, 2020
187 posts
LyudmilLukanov posted:Yes try to remove emotions as much as you can, otherwise it will lead you in more losses. Be positive, rectify your previous mistakes and then trade.Akasuki posted:Loss is unavoidable. So, try to recover the loss with the proper trading plan, not with just emotion.
After loss trade some people do revenge trade. They become desparate to recover the loss. But revenge trade brings more loss. A trader should stick to his strategy and plan.
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