Thread: How do you deal with your losses?

Make sure any loss you take isn't beyond what you can bear and you have sufficient trading capital to take advantage of potential trading opportunities. It is also very important to analyse what went wrong and keep improving your trading skills.

Trade safe and prosper.

KP

Originally Posted by ;

Ho will you Accept Them

Originally Posted by ;

Hello riclater211 let me ask you plz: research and work hard You mean that which said That will literally mean that you can read the minds of millions of traders and know what all of them are likely to do next...? or something else ...?

I had been referring to the fact that what occurs in a transaction is unknown and always will be. That doesn't mean that you can't make a profit. It just signifies the unexpected can happen at any time. It's similar to arranging a picnic for next Saturday and it rains. It's not your fault. You simply reschedule it. Tell yourself that commerce rained on me, and then prepare for another one. One thing for sure. . .there is another commerce.

For me personally research and work difficult is substantially exactly like riclater211 wrote. There are lots of, many, many ways to trade. Some profitable. Some not. Somewhere innigeriaforextradingI spoke figuring out your niche, but I do not recall where now. Basically, only you can choose how you want to trade. The first decision should be the timeframe. Do you need to watch transactions, or can you set-and-forget? This may determine your sleep cycle. Then determine what abilities you have that can be put on the market. Have you got any training? If not, you might need to learn some things. I had never seen C earlier, so I had to learn it to become dangerous, lol. In case you have a math history, perhaps you may wish to use oscillating indiors. If you prefer to read, perhaps you will trade news. If you just want to scalp for a couple of pips every now and then, perhaps you will use support/resistance procedures.

I will not get too detailed since it is up to you. With this particular thread you wanted to know how to accept losses. Maybe you never will, but if you've ever played sports, or a board game, then it is likely you lost. Just because trading uses cash doesn't mean it's any more importance as losing at anything else. Don't let the money affect your emotions. Concentrate on the process you use to place transactions. As Marcus Lemonis likes to say, company is made up of individuals, goods, and procedures. You're the people. Your Forex graph is the item. All that is left is the trading process you use. There is no cash till you accomplish these 3 things. Money is just a by-product. In case the money bothers you too much, be sure that it's money that you don't need for success. The very best thing is likely to simply demo trade till you are confident. Anyhow, sorry for the novel. Don't take losses personal, and do not let individual ones bother you. On my Documents where I track cash, wins, and losses, it is all done on a weekly basis, maybe not daily. This creates all of my data accumulative in order to show that more than the outcomes of winning trades exceed the outcomes of losing transactions. It changes the focus of winning and losing to an overall outcome. Just like during a basketball match the guide can change frequently. The winner isn't known until the close of the game. Each missed shot has less impact than the total outcome. If you try to trade for an overall outcome, instead of focusing on winning every time, then individual losses might not matter much. All the Best.

An old trader told me one time in his old scruffy smokers voice once I made a really bad trade and just couldn't get out of the rut. I asked him what I could do I knew I was a good trader. He said Anthony, remember this, an eduion is never free you have to pay for it. Right now you are paying for this. At this time you need to ensure eduion has been worth the payment. Don't let the eduion be for nothing. That wisdom has kept me in my trading. I have made mistakes since then, however I use those lessons to enhance my trading and also the eduion has repaid.

Joyful Trading Everybody!

Decrease your dre.
In all cases, stop watching'James Bond' forex videos.
All this does is inspire you to also reduce your own racket.

Again, understand that none of us are here if we had the true answer to your question.
___
Wiered 'DOG-eat-dog' world.

Originally Posted by ;

I completely evaluate every trade. Profit or Loss. When I followed all of my rules for entry but still it was lose money then there's nothing to feel bad about. The trade was legitimate per my principles and the markets simply didn't agree with my choice. Having confidence in your system will go a long way towards assisting you to deal with a trade that went against you. Should you let losing transactions shake that confidence then you are going to hesitate or even fail to take the next trade that may easily compensate for the losses and then some. If you're afraid to lose,...

Wao! Great idea

Originally Posted by ;

quote What I mean by work and study hard is know what you are doing. Know exactly what the indiors you would like to utilize mean and how they work. Get to know the behaviours of those pairs you intend to trade. Know what each news statement means and how it could influence your trading program or egy. Learn exactly what a money management program is, invent one and work with this. What dkrock stated is hopeless, that's the reason why he said it. He wasn't serious about studying the minds of millions of traders. As simple as possible what I'm saying is learn the Forex commerce before...

I like what you said.

Originally Posted by ;

quote I had been referring to the fact that what occurs in a trade is unknown and always will be. That does not mean you can't make a profit. It just means the unexpected can occur at any time. It is similar to arranging a picnic and it rains. It is not your fault. You simply reschedule it. Inform yourself that I was rained on by trade, and then prepare for the next one. One thing for certain. . .there is another trade. As riclater211 wrote for me work and study difficult is. There are many, many, many ways to trade. Some profitable....

Wao! That was amazing!!

Thank You a million for this insightful Remarks

You're delusional. Up your lithium ion mediion.

Originally Posted by ;

quote yes I do sorry to state over 30 Decades of experiance I have, well well done I am sure your broker does and widens the spread to ch you he likes to take your money the easy way,

Originally Posted by ;

You're delusional. Up your lithium mediion. quote

yep I see you now resort to naughtyness well shows me how a little brain area you have, I dont use a halt, you do theres a loss to you when a small spike occurs nicely your loss is my gain on the market and thank you to your cash I have read over 50 books on Foreign Exchange been to seminars etc the novels were written by people who worked for brokers, seminars precisely the exact same thing, what does that tell you but dont reply I all ready know it, well back to the market its slow