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lose professionally is the key to success

scratty (scratty)
Feb 02 2017 at 07:57
18 posts
Try to start a new discussion/experiment about the importance of losing. Let's see where it goes and if it is worth keeping it up 😄

1st: 'Trading is a 0-Sum Game.' It is not true! Your broker is making $ in commissions regardless of you being on the winning/losing side of a trade.

Since with all the new technologies, fast internet connections and smartphones trading is easier (and more dangerous) than ever. I think that most of us lose because of overtrading.

The secret to win in this game is to not lose money. So first of all I recommend this experiment too all of you out there:
Every trade you don't make is 'NOT LOSING MONEY'. Next time you want to open a position and are not quite sure about it. Just leave it!!! 😲

Then pat yourself on the shoulders and feel good about not losing money. If not trading feels good you are starting to become more selective in your trading which will have a positive impact on your P&L.

Lose professionally!
TiffanyK (TiffanyK)
Feb 02 2017 at 12:13
427 posts
Very good topic. Losing is really one of the most important things in order to succeed. If you are not sure in a position – DEFFINATELY not place it on the market. Of course you can rarely be 100% SURE about a trade, but you should not place one “just to try” or “just to see how it will go”. Losing few trades does not make you a “loser”, but a more experienced trader. Learn from winning and losing. Respect both. 😄

Accept the loss as experience
scratty (scratty)
Feb 05 2017 at 07:49
18 posts
Yes, losing is part of the game. If you master it, nothing can hold you back.
I see it like this: if you lose professionally; winning is the logic outcome. As if it takes care of itself and comes automatically 😉

Lose professionally!
TiffanyK (TiffanyK)
Feb 09 2017 at 14:25
427 posts
Correct. Totally agree with you.

Accept the loss as experience
scratty (scratty)
Feb 12 2017 at 11:12
18 posts
After we were able to skip trades and avoid losing and feel good about it, we can take the next step. I would like to get into an emotional area...

I belive that alot of traders lose because they use the wrong belive system when in a trade, which case the emotions that are not supporting them to win. Let me explain this: The primary emotions in the markets are greed and fear. They make you hope or scared. The problem is that we tend to use them wrong. We are hoping when we are in a losing trade and scared to give back profits when in a winner. We should do the oposite!!! 😲

Be scared to lose more in a losing trade and hope for a bigger winner when in profit. This is needed to give winners more room ( let them run).

Lose professionally!
togr (togr)
Feb 13 2017 at 07:51
4862 posts
scratty posted:
Try to start a new discussion/experiment about the importance of losing. Let's see where it goes and if it is worth keeping it up 😄

1st: 'Trading is a 0-Sum Game.' It is not true! Your broker is making $ in commissions regardless of you being on the winning/losing side of a trade.

Since with all the new technologies, fast internet connections and smartphones trading is easier (and more dangerous) than ever. I think that most of us lose because of overtrading.

The secret to win in this game is to not lose money. So first of all I recommend this experiment too all of you out there:
Every trade you don't make is 'NOT LOSING MONEY'. Next time you want to open a position and are not quite sure about it. Just leave it!!! 😲

Then pat yourself on the shoulders and feel good about not losing money. If not trading feels good you are starting to become more selective in your trading which will have a positive impact on your P&L.


Even though it sounds funny there is grain of salt on your advice

MC85
Feb 13 2017 at 11:09
48 posts
Losing is certainly part of the game and it can teach you how to win. In fact, everyone should trade just with the money that he/she is ready to lose. Such approach helps when dealing with anxiety in trading.

alfredgervais16
Feb 20 2017 at 08:38
33 posts
failure is the key to success :)

togr (togr)
Feb 20 2017 at 08:41
4862 posts
alfredgervais16 posted:
failure is the key to success :)


end of failure is the key to cuccess

jackwilliams
Feb 20 2017 at 12:23
22 posts
Loosing is definitely a part of game. One who understands the fact of learning from losses, nothing can hold him back from winning further. Emotional trading affected by greed and fear can definitely be the one of the main cause of loosing trades. But controlling them and utilizing in a right direction can help you win. Lose a certain amount professionally is healthy an can help build big gains at later stage.

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