Thread: How do you deal with your losses?

I used to speak to my instructor, once I told himI wish him permanent profit. !
His response to me was: there's a gap on your understanding, you have to understand that losses are a part of the sport.
In order to master this game you need to learn how to accept declines with ample air.

(Before, during, after).
What can you would like to accept loss?

@TicTocTick
Bad traders put trades and feel anxiety. Good traders put trades and feel great. Great traders put trades and feel nothing

I posted in this in my diary a few days back. Such a Fantastic quote from Tictoctick

AlastorFate is right. One of these two things is happening. You either have a border or you do not have an edge. In case you have an edge, then you are risking too much in the event that you feel you have to deal with a loss. Traders with a border that are utilizing the right sizing, simply proceed and do not think again about the trade.

I completely evaluate every transaction. Profit or Loss. When I followed all my rules for entrance but nevertheless it was lose money then there is not anything to feel bad about. The trade was legitimate per my principles and the markets just didn't agree with my choice.

Having confidence in your system will go a long way towards assisting you to handle a transaction that moved against you. Should you let losing transactions shake that confidence then you will hesitate or even don't take another trade that may easily compensate for the losses and then some.

If you're afraid to lose, you will never win.

If you're afraid to lose, you will never win.
(I've already read this sentence in many times in many books)
I believe: Stress is something that can't be bypassed or asserted to be non existent.
But I ask how can I cope with it without affecting on my business?

You cannot win a losing commerce, so only end it. Why would trading be any different from anything else in existence? Can you make every basket you shoot? Can you ch every ball thrown to you? Can you never sleep in a bad position? Never stub your toe? Never burn your hands? Never get blinded by sunlight? Never have a shoelace come undone? Etc, etc.. So, why would you be in a position to acquire every trade? This would literally mean that you can read the minds of countless traders and understand what all of them are likely to do next. Can you understand what a single stranger at the supermarket will do next? lol. But, you think you understand what all those traders can do?

You may lose. When there's a lesson to be learned from the loss, meaning YOU made a mistake, then fix it and keep pushing forward. In order to profit, a person has to be willing to pay more cash than you did. If nobody wants to pay more, you cannot force it. You may lose. Fact. But, that doesn't mean you will lose on average. Over multiple transactions, your winners may transcend your own winners. Just like everything else in life. Do not place trading into some kind of new force of character. It is people. You are individuals. If you lose at matters, so does everybody else. Do not take it private. It is only fact.

Watch if anything I wrote at this connection helps. It is always a personal battle, so all we can do is tell you that you do not have to accept dread. Only you can defeat it.
https://www.nigeriaforextrading.com/...000-month.html

It is the cost of doing business. Win some, lose weight. As long as I didn't make an error in my trading system there is absolutely no fault. Every trader takes a loss. Every trader has to learn that taking a reduction is part of business. When a loss is taken by me, I just proceed. Forex is a business. Just like any business you may have losses. If you open a standard business, state a coffee shop, you are down tens of thousands of dollars daily you open up. Think about that for a moment. You are down 20-30K or more the day you begin. You will not turn an actual, realized profit for many years maybe even never.

The business of Forex gives anyone with the desire and discipline to research and work hard to begin a Forex business for only a few hundred to a few thousand dollars. You will not begin in the hole, but you could wind up there in case you did not study up, clinic and deal with Forex with the significance of a business not a get rich quick attitude. Done correctly, Forex can help supplement your earnings, or even replace it.

-Ric

Hi riclater211 let me ask you plz:
study and work hard
You mean that which dkrock said That would literally mean you can read the minds of countless traders and know exactly what all of them are likely to do next...?
Or something else...?

Originally Posted by ;

Hello allow me to ask you plz: research and work hard You imply what dkrock said That will literally mean you can read the minds of millions of traders and understand what all of them are going to do next...? or something else ...?

What I mean by study and work hard is understand what it is you do. Be aware of what the indiors you would like to use mean and how they function. Get acquainted with the behaviors of the pairs you intend to trade. Know what each news statement signifies and how it may affect your trading program or egy. Learn what a money management program is, devise work and one with it. What dkrock said is hopeless, that is why he said it. He wasn't serious about read the minds of millions of traders.

As simple as possible what I'm saying is find out the Forex trade before you begin with actual money. Can you open a electrician business if you did not know how to screw in a light bulb? I think not. Edue yourself, keep studying and keep self at bay. I do so to earn money in a way I will live with. Most of us trade distinct based on what we've learned, how we manage stress and our tolerance for risk. We're all in the market for exactly the exact same reason, we just do it differently.

-Ric

Accept them and move on to better trading opportunities.

KP

Ho can you Accept Them