having a losses

Scientist2 posted:
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.

The bigger your account the bigger absolute losses. Otherwise you do not use proper money management.

Roberto21 posted:
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.  

I disagreed. No one can predict the market. Just accept loss and use proper money management, thats all we need.

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.  

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!

Loss is a common thing in forex trading. If you can deal with your losses properly, you can become successful in this market.

EbonyJones posted:
Loss is a common thing in forex trading. If you can deal with your losses properly, you can become successful in this market.

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.

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.

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.

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.

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.

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.

You are absolutely right, if everything is clearly finished according to your strategy and trading plan, then the sharpness will be quite minimal and the losses will seem insignificant.

One should have proper risk management to reduce the losses. and one needs to control his/her emotions while trading.

Roberto21 posted:
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.

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.

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.

Losses come from very many and different sources. At every one time when you open a position in the market, ensure you know what you are doing. be aware that it could go bad so use proper risk management and money management.

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 :)

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.

Revenge trading is the worst of all! Hate when I do it!