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When loss occurs
Mar 23, 2021 at 13:37
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.
Mitglied seit Jan 11, 2019
140 Posts
Mar 23, 2021 at 15:15
When your start trading, prepare yourself for losses too as forex is highly volatile market
Mitglied seit Mar 16, 2021
447 Posts
Mar 24, 2021 at 01:14
When I try to trade with emotion, there is a chance of loss. And I always have to trade with a positive mindset.
Mitglied seit Jan 22, 2021
126 Posts
Mar 24, 2021 at 08:51
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.
Mitglied seit Jul 23, 2020
696 Posts
Apr 04, 2021 at 15:14
Loss is common in every investment. So, be stress about the losses. Try to learn from it.
Apr 04, 2021 at 23:24
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
Mitglied seit Mar 16, 2021
447 Posts
Apr 05, 2021 at 00:56
blackChelsea posted:
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.
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.
Mitglied seit Jul 23, 2020
816 Posts
Apr 06, 2021 at 14:06
Akasuki posted:
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.
Loss is unavoidable. So, try to recover the loss with the proper trading plan, not with just emotion.
Mitglied seit Jun 26, 2020
323 Posts
Apr 07, 2021 at 06:13
losses can occur most of the time for same reason , and its very very common we the traders always do same mistake again again. actually same mistake is a choice ,
Apr 07, 2021 at 08:01
LyudmilLukanov posted:Akasuki posted:
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.
Loss is unavoidable. So, try to recover the loss with the proper trading plan, not with just emotion.
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.
Mitglied seit Apr 01, 2021
2 Posts
Apr 07, 2021 at 12:42
It’s true. Losses are an important part of our trading career and we cannot move ahead without making losses. Don’t overtrade even if you make losses.
Mitglied seit Apr 03, 2021
11 Posts
Apr 22, 2021 at 11:00
Yes, having the right mindset to deal with any loss can be a helpful tool for traders.
Mitglied seit Jan 22, 2021
126 Posts
Apr 22, 2021 at 11:02
To deal with emotions practice meditation and yoga, this really helps.
