having a losses
Miembro desde Feb 22, 2011
posts 4862
Dec 17, 2019 at 07:26
Scientist2 posted:The bigger your account the bigger absolute losses. Otherwise you do not use proper money management.
The bigger is your account, the easier is to handle losses. However after 2-3 unlucky trades I stop trading for a day just because I understand that I am losing confidence and unable to make as good decision as usual.
forex_trader_688163
Miembro desde Feb 28, 2019
posts 140
Dec 17, 2019 at 13:07
Roberto21 posted:I disagreed. No one can predict the market. Just accept loss and use proper money management, thats all we need.
the man who can make real money from here of course has most powerful analyzing trading knowledge including a reliable support from a credible trading broker.
Jan 01, 2020 at 08:35
according to me, Loss is an inevitable part of trading that cannot avoid after passing a long time , but when we making loss , we lost control and trade over and over as a result we become loser ultimately and blame this market place.
Jan 01, 2020 at 13:11
Roberto21 posted:
after having a losses from trade we become emotional and trade over and over , we lost our motive and mind , as a result become loser. its more appropriate to become cool when having a loss and stop trading for a while.
On the other hand, we need to use the Stop Loss trading tool for sure!
Miembro desde Jul 20, 2020
posts 232
Sep 14, 2020 at 13:24
Loss is a common thing in forex trading. If you can deal with your losses properly, you can become successful in this market.
Sep 15, 2020 at 00:55
EbonyJones posted:yes, you are right loss is common thing in Forex and most of the traders loss their money and leave forex quickly. But you can minimize your loss if you have proper strategy and plan and also have good money management and these all things come with experience and practice.
Loss is a common thing in forex trading. If you can deal with your losses properly, you can become successful in this market.
Sep 15, 2020 at 00:57
It is not possible to make a profit in trading if there is emotion. Emotional trading is very harmful to your investment. When I lost a trade, I would open 4-5 more trades to cover that loss, and then I would see that all the trades were lost because I gave priority to my emotions. To control emotions, you need to meditate after each trade close. Meditation helps to control emotions.
Sep 15, 2020 at 05:54
Reacting to a loss by opening a new trade is called revenge trade. Never do that. By doing so your mind get messd up. Most of the time we become unable to understand the market. We should be relaxed and think logically and make logical decision.
Miembro desde Jun 26, 2020
posts 327
Sep 15, 2020 at 07:19
traders make losses due to many reasons , i always make loss by means of same mistake , its very stupid thing i know , and i am trying to come out from this bad habit.
Miembro desde Aug 17, 2020
posts 123
Sep 15, 2020 at 09:55
Losses are not always the result of a mistake. No system is 100% perfect. But definitely don't 'stop trading for a while' (don't revenge trade either ofc) because of a loss. Reevaluate the situation. Consistency is not always gaining, it's minimizing the losses as much as possible.
Sep 15, 2020 at 10:04
To overcome this issue you need to know what you are doing. As Warren Buffett said, Risk comes from not knowing what you are doing. If you know your strategy, winning percentage, risk-reward ratio properly, you will not react to any loss. Because you know you will recover it.
Miembro desde Mar 16, 2020
posts 54
Sep 23, 2020 at 05:35
One should have proper risk management to reduce the losses. and one needs to control his/her emotions while trading.
Miembro desde Jul 23, 2020
posts 759
Oct 04, 2020 at 18:02
Roberto21 posted:You are right. However, SL is also one of the reasons to lose money. Sometimes traders blow their account due to not setting SL in their trade.
Lacking of money management is a part of losing, I admit it. But not the foremost at all. The main issue is keeping emotions with lack of good trading knowledge.
Miembro desde Jul 19, 2020
posts 318
Oct 05, 2020 at 11:25
Loss is a co0mmon issue in this market. If you want to make money from this market you need to have proper plan to deal with the losses properly.
Miembro desde Feb 22, 2011
posts 4862
Oct 05, 2020 at 12:36
Having a loss is part of trading and it has to be part of trading plan,
which defines when to close the trade, even though it is not in profit.
On the other hand having too many losses leads to unprofitable trading which is not your goal I hope :)
which defines when to close the trade, even though it is not in profit.
On the other hand having too many losses leads to unprofitable trading which is not your goal I hope :)
Miembro desde Sep 12, 2017
posts 238
Oct 06, 2020 at 02:25
profits and losses are part of the game. profits does not mean to be over confident and losses does not mean to quit and be sad. both the sides needs to go together. You will win some and lose some.
Miembro desde Jul 01, 2020
posts 27
Oct 19, 2020 at 11:58
Revenge trading is the worst of all! Hate when I do it!
