When Trading becomes Unfavourable

[lienfaye]

Sticking to the trading plan is also good to avoid unfavourable trade as changing plans in the middle of a trade Can really lead to a loss in trade.

Well it depends. It's good to follow your trading plan since that's what you prepared for. However there are instances wherein changing strategy is also beneficial and that is if you know the current plan is not going to have a good result. Thus, it depends on the situation since we all want to profit when we trade.

But it's not right if you're frequently switching strategy and didn't complete the current one due to your greed. The reason why you need to condition yourself to set aside emotion when dealing in trading because it can influence your decision to stick to your plan.

[tygeade]

We can learn more things from trading through experience but with that, losses will accompany us as well. As we begin trading, it should not be the profit that we have to think about first but instead, focusing on learning first and considering all the mistakes and losses will help us more. We can say that nobody becomes successful in trading without suffering losses and it comes with patience. And if we think it was easy, I don't think we are able to reach our goal and become successful but possibly will fail.

The money that you lose in your journey on trading can be consider as charge to experience. Most of us suffered from losses especially when we are all just starting but yeah there are people who wins on the early stage of their trading experience and I don't think it's a bad thing especially if the trader didn't became overconfident of the market and still treat the market with caution. But yeah every successful trader experience losses on trading, it's their own will that will make them continue in practicing trading.

That's purely luck, if you are winning something at the early stages of you trading then you are purely getting lucky and nothing more. You should be doing something a bit more careful at the very start and if you did something risky and ended up with a profit, that doesn't mean that you are going to keep doing that all the time, you are going to end up losing money.

Even the best veteran traders I have seen had losses here and there, because losing is something that is natural part of trading, and if you are not careful then you are going to end up with a loss that is much bigger because you trust yourself a lot more than you should. This is why earning at the very start could be even worse, because it can lead to bigger loss later on.

[Pandu Geddon]

Sticking to the trading plan is also good to avoid unfavourable trade as changing plans in the middle of a trade Can really lead to a loss in trade.

Well it depends. It's good to follow your trading plan since that's what you prepared for. However there are instances wherein changing strategy is also beneficial and that is if you know the current plan is not going to have a good result. Thus, it depends on the situation since we all want to profit when we trade.

But it's not right if you're frequently switching strategy and didn't complete the current one due to your greed. The reason why you need to condition yourself to set aside emotion when dealing in trading because it can influence your decision to stick to your plan.

therefore experienced traders usually make 2 to 3 of their trading plans. the plan can change when it is felt that the market situation is not moving according to the predictions made. so it is highly recommended to change the strategy to minimize losses or even reverse it for profits.
such efforts are made by possessing excellent skills. for beginners, of course it is not recommended because what might just happen is panic and it actually ruins the plans that have been made.
if you are still losing money, it is better to stop for a moment and evaluate what went wrong. and come back when it is possible.

[wxa7115]

The money that you lose in your journey on trading can be consider as charge to experience. Most of us suffered from losses especially when we are all just starting but yeah there are people who wins on the early stage of their trading experience and I don't think it's a bad thing especially if the trader didn't became overconfident of the market and still treat the market with caution. But yeah every successful trader experience losses on trading, it's their own will that will make them continue in practicing trading.

That's purely luck, if you are winning something at the early stages of you trading then you are purely getting lucky and nothing more. You should be doing something a bit more careful at the very start and if you did something risky and ended up with a profit, that doesn't mean that you are going to keep doing that all the time, you are going to end up losing money.

Even the best veteran traders I have seen had losses here and there, because losing is something that is natural part of trading, and if you are not careful then you are going to end up with a loss that is much bigger because you trust yourself a lot more than you should. This is why earning at the very start could be even worse, because it can lead to bigger loss later on.

Those early profits are what end up getting a huge deal of newbies in trouble, as they begin to think that either trading is not as hard as other people described it or that they are incredibly talented and they did not knew this, and neither of those two options are true.

They just got lucky and instead of working hard to improve themselves they come to the conclusion they do not need to do anything else in order to become profitable, but eventually that luck runs out and then their results will reflect exactly the level of skill they have.

[Sim_card]

Sticking to the trading plan is also good to avoid unfavourable trade

Sticking to one trading plan might not be favourable to a trader because if that plan is accumulating loss, the trader needs to look for another way out in which he can use to make profit. Don't forget that a successful trader is that person that can control his risk management to male profit out of it. The strategy that works for me might not work for you that is why a trader needs to try different plans to see the one that will enable him make profit.

[Alpha Marine]

It's healthy that you still feel emotions imo, that means that you're not totally a slave to money, if I'm being honest it's okay to express the emotions instead of bottling them up, the key to not affect your trade is that you can control when you express it.

Emotions are not totally a bad thing, but if one can be without emotions in trading and just focus on his unbiased analysis it will be more favorable to the trader.
Emotions can be a barrier to analysis. Sometimes your calculations may tell you something else, but your emotions will tell you something else. On a few occasions, your emotions might be right but it will just be fear.
Emotions like greed, and fear can make you make decisions that you ordinarily didn't want to make while trading and you can regret them later. So to me, it's best if you can just make decisions without any emotions involved.

[AicecreaME]

There are few factors that leads to unfavourable trading, these factors includes Greed, and chasing a trend, Traders are expected to encounter Challenges during trading and relating these challenges with people's experiences can be the key in solving the challenge, 
Sticking to the trading plan is also good to avoid unfavourable trade as changing plans in the middle of a trade Can really lead to a loss in trade.

These things you have mentioned are always being experience by newbies, because they are expecting too much from themselves even though they know that they are just starters. For me, even the bad trades are important, because from those failures, you're gonna learn more than what you can learn from winning.

The only thing they have to do is to calm down, take a rest instead of chasing their losses, because you can't gain something from a clouded mind and messed up decision making.

[rozak]

There are few factors that leads to unfavourable trading, these factors includes Greed, and chasing a trend, Traders are expected to encounter Challenges during trading and relating these challenges with people's experiences can be the key in solving the challenge, 
Sticking to the trading plan is also good to avoid unfavourable trade as changing plans in the middle of a trade Can really lead to a loss in trade.

These things you have mentioned are always being experience by newbies, because they are expecting too much from themselves even though they know that they are just starters. For me, even the bad trades are important, because from those failures, you're gonna learn more than what you can learn from winning.

The only thing they have to do is to calm down, take a rest instead of chasing their losses, because you can't gain something from a clouded mind and messed up decision making.

some traders tend to want revenge for defeat and pursue victory by force. but situations that don't allow it actually make traders experience bigger losses because they do it with emotion.
stopping first like your suggestion is the most appropriate choice. trying to use other strategies and maybe switching to other assets also allows us to look for victory elsewhere.
however, traders may be better off if they feel the loss first. that way their emotional mastery will grow with some of the trading experience they have gained.

[WatChe]

Well it depends. It's good to follow your trading plan since that's what you prepared for. However there are instances wherein changing strategy is also beneficial and that is if you know the current plan is not going to have a good result. Thus, it depends on the situation since we all want to profit when we trade.

But it's not right if you're frequently switching strategy and didn't complete the current one due to your greed. The reason why you need to condition yourself to set aside emotion when dealing in trading because it can influence your decision to stick to your plan.

If you are continuously losing money in trading then its better to revise your strategy since there is no point in following a strategy that is giving you loss only. Sometimes changing the path also work and that's how we learn. You wont get a mature strategy straight away, one has to follow different strategies before he figure out what best work for him. To me best strategy is to invest for long time and you are following long term investment plan then you dont need to change it frequently.   

[Sanitough]

There are few factors that leads to unfavourable trading, these factors includes Greed, and chasing a trend, Traders are expected to encounter Challenges during trading and relating these challenges with people's experiences can be the key in solving the challenge, 
Sticking to the trading plan is also good to avoid unfavourable trade as changing plans in the middle of a trade Can really lead to a loss in trade.

No matter how experience you are in trading, the market is always the master. Even sticking to the trading plan isn’t perfect either, because there are unpredictable things that would happen without warning.

Even pro traders out there are getting liquidated in their positions too. Whatever technical analysis, predictions and insights that they have, they cannot outsmart the market.

Risk management is always the best skill that we need in unpredictable situations in the crypto space.

You are right there. That’s why there are unstoppable losses in trading because it’s hard to take an edge over the market because of how unpredictable it is, regardless if you are an experienced trader or not. With that realization, even sticking to your original trading plan may not guarantee that your trades will become successful. Furthermore, no matter how your trades look perfect, but as long as the market condition will never favor your trades, then you will never achieve the goal that you have set. If you want to trade successfully, do not trade just because you think it’s the right thing to do, but because you understand the market’s condition and you know exactly when it will be profitable to trade.

[Russlenat]

There are few factors that leads to unfavourable trading, these factors includes Greed, and chasing a trend, Traders are expected to encounter Challenges during trading and relating these challenges with people's experiences can be the key in solving the challenge,  
Sticking to the trading plan is also good to avoid unfavourable trade as changing plans in the middle of a trade Can really lead to a loss in trade.

When you trade, you cannot simply expect that all your trades will be good enough to stay you in profits. In fact, there are more unfavorable trades happening than those favorable ones. That is because the market is not stable and will always be prone to changes every now and then, which makes it hard to predict a lot of times. And since most of the traders too particularly the newbies who claimed to be good traders brought along their greed and expect immediate profits, then that will make their trades more unfavorable to the market. The fact that you trade simply because for profits and not with passion to understand the market well, then it’s not surprising that you’ll end up trading that the market won’t favor.

[Hamphser]

There are few factors that leads to unfavourable trading, these factors includes Greed, and chasing a trend, Traders are expected to encounter Challenges during trading and relating these challenges with people's experiences can be the key in solving the challenge,  
Sticking to the trading plan is also good to avoid unfavourable trade as changing plans in the middle of a trade Can really lead to a loss in trade.

When you trade, you cannot simply expect that all your trades will be good enough to stay you in profits. In fact, there are more unfavorable trades happening than those favorable ones. That is because the market is not stable and will always be prone to changes every now and then, which makes it hard to predict a lot of times. And since most of the traders too particularly the newbies who claimed to be good traders brought along their greed and expect immediate profits, then that will make their trades more unfavorable to the market. The fact that you trade simply because for profits and not with passion to understand the market well, then it’s not surprising that you’ll end up trading that the market won’t favor.

Have that realistic approach and not something like a perfect trader kind of mindset because it would really be just disappoint you out because we know that this market is truly unpredictable which

means that every step you would make wont really be giving out an assurance that it would be positive. This is what always those people misconcepts about trading and dealing with this market.
Specially when you are still newbie on which having this kind of common impression is really that you would feel on the time that you would be starting on. On the time that you would be able to face up the reality of this market then this is where self realization would kick in and you would be having that kind of impression that the initial mindset you do have is very wrong.

Therefore, you would really be making out adjustments basing up on what you had encountered and you wont really be that too dumb enough for you not to distinguish on how risky this market is.
If you dont make it serious then dont expect about serious results. Loses are inevitable but you could really be able to lessen it out if you do know on what you are doing.

[tvplus006]

There are few factors that leads to unfavourable trading, these factors includes Greed, and chasing a trend...

A lack of skills and experience usually leads to unfavorable trading. In such cases, instead of opening a short, a long position is opened and vice versa. It's all becoming like a casino. And so it goes on until all the money is lost.

[Ziskinberg]

There are few factors that leads to unfavourable trading, these factors includes Greed, and chasing a trend, Traders are expected to encounter Challenges during trading and relating these challenges with people's experiences can be the key in solving the challenge, 
Sticking to the trading plan is also good to avoid unfavourable trade as changing plans in the middle of a trade Can really lead to a loss in trade.

Losing isn't quite unusual when you are new but if that will be consistently happening despite that you are in trading for several months, then we would that say there is a huge problem with us. Is not only we are too greedy, chasing trends, or chasing our losses but there is a problem with how we decide in every situation. Decision-making really matters in trading because even if you have a long trading experience but if you still lack of making a good decision or we can say we are following your emotions, you can't expect something good to happen to you either.

[cute nmp]

Greed and chasing a trade are mostly what leads to losses in the Market, Took me a lot of time also to overcome this type of issue i have now adjusted my trading style and have learned my lesson to always stick to the trading plan no matter how hard, only that way one can to able to maintain consistency

[Cryptmuster]

Losing isn't quite unusual when you are new but if that will be consistently happening despite that you are in trading for several months, then we would that say there is a huge problem with us. Is not only we are too greedy, chasing trends, or chasing our losses but there is a problem with how we decide in every situation. Decision-making really matters in trading because even if you have a long trading experience but if you still lack of making a good decision or we can say we are following your emotions, you can't expect something good to happen to you either.

Before a beginner is formed as a trader, he will need several years to form his trading strategy and gain the necessary experience. It can take from three years and all this time the trader will not have any significant profit, so when I hear the words beginner and trading, I understand that few of them will succeed and only a few will be able to go this way to eventually become traders who will receive profit.

[avp2306]

Losing isn't quite unusual when you are new but if that will be consistently happening despite that you are in trading for several months, then we would that say there is a huge problem with us. Is not only we are too greedy, chasing trends, or chasing our losses but there is a problem with how we decide in every situation. Decision-making really matters in trading because even if you have a long trading experience but if you still lack of making a good decision or we can say we are following your emotions, you can't expect something good to happen to you either.

Before a beginner is formed as a trader, he will need several years to form his trading strategy and gain the necessary experience. It can take from three years and all this time the trader will not have any significant profit, so when I hear the words beginner and trading, I understand that few of them will succeed and only a few will be able to go this way to eventually become traders who will receive profit.

Not actually years since he could develop that for months of proper researching and experiences on his trades. Its just it depends on your willingness to learn since if you just trade and leave the scene then came back when you feel to trade again then it will really take you for years before you can develop some strategy since your inconsistency will make your progress slow. But if you are eager to try and risk something just to learn for this you can learn a lot of thing without reaching years on trading.

[Cryptmuster]

Not actually years since he could develop that for months of proper researching and experiences on his trades. Its just it depends on your willingness to learn since if you just trade and leave the scene then came back when you feel to trade again then it will really take you for years before you can develop some strategy since your inconsistency will make your progress slow. But if you are eager to try and risk something just to learn for this you can learn a lot of thing without reaching years on trading.

This process will be different for everyone, maybe it will take someone less time, but basically this will take years. And the result will be those who will properly assess the risks, when the priority is to preserve your capital. Many beginners trade without stop losses and it seems to me that this significantly increases the risks for all traders, whether you are a beginner or an experienced trader.

[ancafe]

There are few factors that leads to unfavourable trading, these factors includes Greed, and chasing a trend, Traders are expected to encounter Challenges during trading and relating these challenges with people's experiences can be the key in solving the challenge, 
Sticking to the trading plan is also good to avoid unfavourable trade as changing plans in the middle of a trade Can really lead to a loss in trade.

That is the difficulty of trading and technically even though we have carried out the right strategy there is a kalan we suffer losses at certain times. Experience will direct someone how he is able to get out of pressure on the condition of loss. Emotions must also always be maintained to be stable when experiencing losses or when having to change trading patterns on the trip, so that it does not affect psychology when everything does not go well. Having a good trading plan and we also do not need to be rigid when we have to change other strategies because it could be the grip of our strategy not suitable in certain trade and must be adjusted quickly so as not to suffer losses.

Trading is arguably elastic and everyone does not only hold on to one strategy when you want to get a profit, because the core of running trade is only to achieve profits and that we must also be realistic when certain starters must be changed because there is no compatibility in undergoing certain trade at time at time which is the same.

[Quidat]

There are few factors that leads to unfavourable trading, these factors includes Greed, and chasing a trend, Traders are expected to encounter Challenges during trading and relating these challenges with people's experiences can be the key in solving the challenge, 
Sticking to the trading plan is also good to avoid unfavourable trade as changing plans in the middle of a trade Can really lead to a loss in trade.

That is the difficulty of trading and technically even though we have carried out the right strategy there is a kalan we suffer losses at certain times. Experience will direct someone how he is able to get out of pressure on the condition of loss. Emotions must also always be maintained to be stable when experiencing losses or when having to change trading patterns on the trip, so that it does not affect psychology when everything does not go well. Having a good trading plan and we also do not need to be rigid when we have to change other strategies because it could be the grip of our strategy not suitable in certain trade and must be adjusted quickly so as not to suffer losses.

Trading is arguably elastic and everyone does not only hold on to one strategy when you want to get a profit, because the core of running trade is only to achieve profits and that we must also be realistic when certain starters must be changed because there is no compatibility in undergoing certain trade at time at time which is the same.

There's no guarantee in speaking about trading when it comes to successful or profitable trades on which there's always that kind of probability that no matter how well or hard we do really make out that kind of analysis then there's always that chance for it to lose or ends up on being negative due to volatility and there's no way on avoiding this. This is why on the time that you would be seeing your trades going south or something that do speak about becomes errors or mistakes then usually people do get impulsive but experienced ones are already get used to it. This is why we do make out some multiple back up plans if ever a certain trade would really become that a losing one on which if ever the price dips then we do DCA if ever it do gains up then we do secure profits. We know that trading could be neither be having that kind of type which you might be dealing up with spot or futures which it does really have that kind of different approach when it comes to positioning and does require that different kind of dealing in times of durations or on how you would be placing yourself towards the market.