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When loss occurs
Mitglied seit Mar 17, 2021
494 Posts
Apr 27, 2021 at 20:39
UweMoench posted:
Most people get restless if they lose any trade. Out of this restlessness they take revenge trade. They want to recover it quickly. Most of the time revenge trades bring more loss. We need to remain calm and wait for opportunity.
I think they don't know that loss is the common thing in this market.
Mitglied seit Dec 05, 2020
76 Posts
Apr 28, 2021 at 07:03
UweMoench posted:
Most people get restless if they lose any trade. Out of this restlessness they take revenge trade. They want to recover it quickly. Most of the time revenge trades bring more loss. We need to remain calm and wait for opportunity.
Totally. Losing trades often lead to that feeling and hence leads to revenge trading which also results in more losses. At the end of the day the game is all about who's more stable and patient in thoughts. You cant succeed if you let emotions take a toll on you. Accept that losses are bound to happen but we just have to reduce their occurrences with time and skill
Mitglied seit Sep 12, 2017
232 Posts
Apr 28, 2021 at 07:24
writely said, when in losses one needs to calm down and wait for the next right opportunity, not just thinking to recover the losses but to earn something with positivity
Mitglied seit Jun 22, 2020
69 Posts
Apr 28, 2021 at 12:04
It is important to make the journal to note down the losses made so that you can get to know better on how to avoid such losses in future. I always do this and it helps me to realize what mistakes I made before and also made me improve for the next trading.
Mitglied seit Jun 12, 2021
132 Posts
Jun 13, 2021 at 09:46
we loss here first of all lack of knowledge and second one is lack of good broker which has a reliable support with security of funds.
Jun 13, 2021 at 16:42
first_time posted:
It is important to make the journal to note down the losses made so that you can get to know better on how to avoid such losses in future. I always do this and it helps me to realize what mistakes I made before and also made me improve for the next trading.
Yes, I have to observe Mistake. And by learning from Mistakes, I have to develop skills in trading.
Mitglied seit Mar 16, 2021
447 Posts
Jun 14, 2021 at 00:55
Beagelv posted:
Only practice and experience will make it possible to get away from losses and come out on a good and stable income.
Yes, you are right. Patience and knowledge are required to refrain from loss.
Mitglied seit Sep 12, 2017
232 Posts
Jun 14, 2021 at 12:44
when losses occur one needs to be patient and look for opportunities
Jun 15, 2021 at 07:07
Losses are inevitable, however one should try and keep calm. I know how it feels to lose money and its definitely easier said than done but you get to learn a lot from your mistakes. My advice would be to thoroughly journal your trades , so that you have a record and you can go back and have a look to realize where you made a mistake.
Mitglied seit Jun 26, 2020
323 Posts
Jun 15, 2021 at 07:12
there is no one who can reduce loss in spite of having good knowledge and experience , so we the traders first of all have to make sure the ability how to take losses easily.
Mitglied seit Jun 15, 2021
13 Posts
Jun 15, 2021 at 08:14
To trade on forex, one need proper knowledge of how forex works, forces that drives quotes and how to read charts by applying proper tools and indicators.
Mitglied seit Jun 26, 2020
323 Posts
Jun 23, 2021 at 09:36
loss is an important issue in trading life , no one can avoid losses in spite of having good knowledge and experience , so we the traders have to take loss as an easy way.
