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.
Gracewilson1995
Jan 11, 2019からメンバー
147 投稿
Mar 23 2021 at 15:15
When your start trading, prepare yourself for losses too as forex is highly volatile market
LukeRachel
Mar 16, 2021からメンバー
477 投稿
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.
Chelsea Blacks
(blackChelsea)
Jan 22, 2021からメンバー
125 投稿
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.
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.
SofieAndreasen
Jul 23, 2020からメンバー
759 投稿
Apr 04 2021 at 15:14
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
LukeRachel
Mar 16, 2021からメンバー
477 投稿
Apr 05 2021 at 00:56
blackChelsea posted: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.
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.
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.
LyudmilLukanov
Jul 23, 2020からメンバー
869 投稿
Apr 06 2021 at 14:06
Akasuki posted:Loss is unavoidable. So, try to recover the loss with the proper trading plan, not with just emotion.
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.
Tradelist45
Jun 26, 2020からメンバー
312 投稿
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 ,
LyudmilLukanov posted: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.Akasuki posted:Loss is unavoidable. So, try to recover the loss with the proper trading plan, not with just emotion.
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.
andreahaynes
Apr 01, 2021からメンバー
2 投稿
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.
flossiewyman
Apr 03, 2021からメンバー
12 投稿
Apr 22 2021 at 11:00
Yes, having the right mindset to deal with any loss can be a helpful tool for traders.