When loss occurs

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.

When your start trading, prepare yourself for losses too as forex is highly volatile market

When I try to trade with emotion, there is a chance of loss. And I always have to trade with a positive mindset.

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.

Most people take revenge trading to recover the loss. But most of time revenge brings misfortune for them. Trade should be opened only if it supports your strategy.

Loss is common in every investment. So, be stress about the losses. Try to learn from it.

Some traders want to trade in a very aggressive way, they usually lose more. Every trader needs to trade with patience. It has less amount of loss.

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

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.

To the emotions that prevent us from earning, I would also add the fear of loss.

Loss and profit are part of trading, you can’t go ahead without having losses in trading. Have a positive attitude, wait for the correct opportunity and then trade again.

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.

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.

A trader should have good plan and strategy to minimize risk. Loss will happen. But after loss, one needs to find out why the loss happened? Then wait for a good set up to entry.

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.

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 ,

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.

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.

Yes, having the right mindset to deal with any loss can be a helpful tool for traders.