Quit from trading ?

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.

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.

You are wrong! The number is quite big; but good news is, in everyday a number of new traders are joining here!

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.

There are always bumps and bruises along the way to becoming a profitable trader.

Yes, i taught to quit also, however i just realize that this is the only easier business to get money rather than selling things. I like to suggest, throw away the greedy to become millionaire in a seconds and start invest like investor. Yes, maybe you can see someone here can make 1,000% a year, but have you seen more than 10 traders do that?
Just think that and start to keep the initial investment as long as possible. If you want to earn more, deposit more.

as a new guy here I will say it's a quite complicated world.

We all have the human tendency to be overtaken by emotions. When we screw up we have a feeling of loss, and even a sense of denial. We wish we could undo the mistake. Going through such a thought process is understandable. It is what you do about it that matters quitting is not an option Successful traders learn to keep emotions under control. Emotionally driven trading decisions lead to trading losses. It's imperative that you do whatever you can to prevent your emotions from interfering with your ability to trade calmly and purposefully. Disappointment and regret are two emotions that interfere with good trading. We feel disappointment when our trades lose. We feel regret when we think we have made a poor decision that might have been avoided.

Baazex posted:
We all have the human tendency to be overtaken by emotions. When we screw up we have a feeling of loss, and even a sense of denial. We wish we could undo the mistake. Going through such a thought process is understandable. It is what you do about it that matters quitting is not an option Successful traders learn to keep emotions under control. Emotionally driven trading decisions lead to trading losses. It's imperative that you do whatever you can to prevent your emotions from interfering with your ability to trade calmly and purposefully. Disappointment and regret are two emotions that interfere with good trading. We feel disappointment when our trades lose. We feel regret when we think we have made a poor decision that might have been avoided.

Very important to keep emotions under control. Easier said than done sometimes.

I did try quitting at the one time because I was upset as I was not able to make the profit. I felt like rather than quitting, I decided to check out what was the reason for my losses and I started making the journal and reading my strategy and comparing it to the others' through YouTube and forums, that's when I realized my mistake and started making the right choice and I was able to gain profit, granted it was not much but hey, I was kinda glad that I came back and not quitting completely.

So yes, people tend to come back, but I hope only for the sake to understand what went wrong and not to trade again without realizing your mistake. It is like playing with fire if you do not realize the mistake. Another thing is that if you cannot control your psychology minds, then it is better to consider quitting because there is no coming back from the losses and not being able to control yourself.

I agree. Emotions hinder our performance in trading. However we need to find a way out to control it and not lose hope even if we incur losses. Losses are a part of everyone’s trading. So stay calm and keep trading.

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

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.

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.

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

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.

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.

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.

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

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.