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When loss occurs
Mar 23, 2021 at 13:37
Mitglied seit Jul 19, 2020
310 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
Mitglied seit Apr 03, 2021
437 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
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Apr 05, 2021 at 00:56
Mitglied seit Mar 16, 2021
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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
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Apr 06, 2021 at 14:06
Mitglied seit Jul 23, 2020
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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
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Apr 07, 2021 at 08:01
Mitglied seit Dec 28, 2020
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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.
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