When Trading becomes Unfavourable

[jrrsparkles]

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.

There is no logic in sticking with the same trading strategy if you encounter losses, I won't hesitate to change the plans or at least stop the trades until I come up with better so this can reduce the chance of loss than doing nothing. So here it comes the Big role of Risk Management which means when the markets are dynamic so you should adapt to what is best according to the market condition.

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[Yamane_Keto]

The factors that you mentioned are psychological problems, following the direction of trading comes from a feeling of fear and greed that makes the individual take incorrect decisions only because everyone does that. When the price drops, you find everyone selling, and when it rises, you find everyone buying. Psychological trading can be solved by automating trading, but developing a strategy that includes all scenarios and plans to deal with them will lead to better results, or at least when things go wrong, do not make any decisions because sometimes the cost of making a decision is good, and sometimes it is better not to take any reaction.

Trading is not for people who are controlled by their emotions.

[svgisawmn]

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.

Totally agree, I've lost much money before understood that. Emotions, trends, "popular" opinions usually do not brings profit but total loss. Own experience and trading skills are the most important things in trading.

[KingsDen]

(....)
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.

This is a common mistake of new traders. They intend to lose money because they don't have 1 final decision everytime.
Best example is when they open their trade, they don't have a plan like how much is their willing lose on every trade, when is the stop loss, and what is target price.
Some don't have stop loss and they are hoping their entry will recover.

The decision of whether to continue with your trade plan or whether to change plan at the face of adversity is not an easy one to make. I have seen a situation that people opt to sticking with their plan and the losses became too massive. I have also seen people changing plan and later their initial plan became a success. The best thing is not to fall into such a situation but it is not easy to avoid it totally in as much as you are in the market. Sometimes, exiting the market even at loss would be wise instead of taking some emergency and uncalculated risk.
Trading is not for everyone though, I have stopped day trading.

[Franctoshi]

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.

It's indeed good to stick to a trading plan and that should not just be any trading plan but a working trading plan which involves rules of entry and exiting plans, because you may be using the wrong trading plans which need adjustment or make changes to suit the market trading conditions. If you want to make change of plans it should be in accordance with the changing market  behavior .

[xSkylarx]

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.

I know people have those natural emotions like greed, as we are humans and we feel the need to want more, but it is only about how we control it. Greed is really not good in all aspects, and you should know it deeply because if not, you'll be eating by your greed and you'll be losing more in a trade. Also, if you have a trading strategy, I dont see why you keep changing it in the middle of a trade. I mean, what is the reason you have a written strategy and you just change it? For sure, it is about emotions, which is why you'll need to control them. Make a strategy on how to control them.

[GeorgeJohn]

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.

Actually you have made a point one of the major factors that affects trading, greediness is one of the major factors that a trader need to control its emotions and have a target during trading so that it can be able to make profit, the most thing makes traders to benefit from trading is that you have to learn trade and understand its protocols, so many people who venture into trading today do are into trading because they obtain the goods of trading by making profits, but it's not been done that way, in which I know quite well that trading is all about making money, you most have learn and understand the procedures of trading before you make money, but some traders doesn't acquire the full knowledge before trading and that is one of the things that contribute for losing in trade

[Mame89]

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.

Becoming a successful trader is actually more of a process of forming a mental attitude that requires sufficient insight and knowledge (by intensely studying the techniques and fundamentals), sufficient practice and the application of self-discipline in shaping the mental attitude of a trader so that we can control emotions and greed. But don't just be mental too, but it must be accompanied by knowledge, therefore keep learning about traders who are diligent in analyzing and understanding so that the strategies we use are also not wrong so there is no need to change the initial plan to a new plan.

Indeed, changing the strategy mostly makes us lose, but not all of them. Sometimes changing strategies in the middle can also be profitable, so returning to the points above requires knowledge and keeping up to date with the latest news so that the decisions we make when trading are the right ones.

[Stable090]

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, 

Sometimes we have to be satisfied with the profit we make in a trade, we won’t always be making a good profit, the time will come when you will make a good profit. Also, make sure you avoid revenge trading. After losing money, make sure you avoid trying to make the money back instantly. That’s revenge trading, which might lead you into losing more money. That’s why if you lose in a trade, you can take a break. Never try to revenge in a trade.

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 trading, it’s always advisable to have a trading strategy. We all have to develop our own trading strategy and not copy what others are using. The strategy I am using might not work for other people, which is why it’s always advisable to have a specific trading strategy. But I don’t think a trading strategy can be used forever. When we use a strategy and discover that it is no longer profitable, we have to improve it.

[Mpamaegbu]

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

Greed is the real bane of trading. Many unprofitable traders erroneously think that trading is a shortcut to making easy money. They want to increase leverage or lot size (forex term) while triggering trades but won't like to quickly exit losing trades, hoping they will revert. By the way, by "chasing a trend" I guess you wanted to say "chasing a trade" or "trading against a trend" which is a bad thing.

Another thing that can make trading unfavourable is lack of emotional control. It's in trading one knows how important the word wait or patience is. No matter how good a trader's setup or trading plan is, if he doesn't have a grip on his emotions he will mess it up. Trading is more of emotional control that technical.

[tjtonmoy]

~Snip

Start low and learn to use risk management. Not every trade is going to be favorable. You will need to get used to the losses. There will always be profits and losses. Because in the crypto market, one's loss is another's profit. So this will continue to happen. Either with you or someone else. So what we can do is manage our losses to minimize them. That's why it is essential to learn risk management.

Even if you follow the rules and your calculation is correct, the market is moving in the opposite direction, then you will need to change your strategy. One strategy will never work forever. Having multiple strategies is a must if you want to stay ahead.

Also, why not take a break? If the market is not favorable at the moment, take a break. Do something else. Freshen up your mind, and then come back to it later on. This helps like a charm.

[Vaculin]

Well, it’s not that all the time the market will favor your trades. If that happens, surely a lot of gamblers would turn into instant millionaires. However, the reality is there are more number of unfavored trading cases compared to successful ones that’s why a lot have been losing than celebrating their gains. But of course, all these losing events have something to do based on how they trade, if they keep on chasing their greed for more profitable trades, or simply because of their wrong attitudes towards trading that make them very unlucky to make profits. But I believe what is certain is that if you don’t follow the basic rules in trading, then it’s hard to expect to end up with successful and profitable trades.

[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.

Actually its hard for someone to follow their plan especially when they enjoy their trades or they want to get more profits since for sure they will do a risky trades with that. But I think if you are a newbie its good that you experience those scenarios since you can experience the negative sides of the action you do and once you realize that mistake cost you some money then for sure you will never commit those again then you will be more careful on your trades decision and selections.

It should be noted that the highest science that is most difficult to master is ourselves, our own emotions, remembering that sometimes we understand, for example, we shouldn't be greedy, and in the end we repeatedly make the same mistakes, trivial things but difficult to implement, and of course we itself is the cure for the disease. on the other hand trading is not just for us to trade and make a profit, but we can synergize with the market so that it becomes a law of reciprocity for our profits

On dealing with something like this which is unpredictable and totally random kind of market then it would really be just that a normal approach that you would really be needing to set not only 1 plan but having more
another or simply having that Plan B's or C's in speaking about on making out positioning because if things goes south then you are already prepared for such situation.We know that its never been that always that we can make out some precise trading decisions on which there's really a time that we would be losing a trade, there's no such thing about being a perfect trader and with such random and volatile market then it would really be just that so normal that we do either miss or able to hit the right decision.

In overall, having this market which is speculative then it would really be just that right on having that  speculative approach too on which it is really just that a typical thing to be done by people who are engaging or get involved into this market. Just  dont simply give up because of experiencing few losses or some devastating ones because you do eventually learnt up with those experience which you would be needing
to be honed so that the time comes that you are finding yourself that more skilled and experienced as the time passing by.

[Bushdark]

(....)
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.

This is a common mistake of new traders. They intend to lose money because they don't have 1 final decision everytime.
Best example is when they open their trade, they don't have a plan like how much is their willing lose on every trade, when is the stop loss, and what is target price.
Some don't have stop loss and they are hoping their entry will recover.

The decision of whether to continue with your trade plan or whether to change plan at the face of adversity is not an easy one to make. I have seen a situation that people opt to sticking with their plan and the losses became too massive. I have also seen people changing plan and later their initial plan became a success. The best thing is not to fall into such a situation but it is not easy to avoid it totally in as much as you are in the market. Sometimes, exiting the market even at loss would be wise instead of taking some emergency and uncalculated risk.
Trading is not for everyone though, I have stopped day trading.

Trading is like graduating from one phase to another. We can't understand every phase like others seem to but what we need to do is to get proper understanding from the stage we are so that we can utilize it in a way that will bring us profits as gambler. Some traders do still know some necessary things they needed to understand very compulsory before they start going into life trading and if we don't work smartly, we can fall out from where we want to see ourselves or from the position we started. We need to avoid and setback as a trade Mr that can bring loses to us at all cost.

[mirakal]

Trading is not just all about wins, but at some point trading comes with losses as well. And regardless if you are a newbie or a pro in trading, it’s inevitable to see unfavorable trades simply because the market is not stable and certain. However, this is the reality in trading. That’s why before one decides to trade, he should weigh those calculated risks first, and should be ready to trade for losses because trading is never a guaranteed profits all the time.

[_BlackStar]

Trading is not for people who are controlled by their emotions.

I don't quite understand what you mean - trading should be for those who can control their emotions.

If a trader puts his emotions first - then I think they will really suffer a negative impact especially in terms of psychology. Some of the points include panic, greed and excessive anxiety so that in the end you don't succeed in getting the expected profit. That should be an important point to avoid - while they should be quite capable of learning and have a good plan for that trade.

[kawetsriyanto]

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

Of course, if we become greedy in trading, we are very possible to get a problem then. Greedy people sometimes won't set a realistic target, they will be too much obsessed of bigger profits. I myself already experienced this, I lost big money due to targeting unrealistic profits. I am not aware that the market situation may change in a short time, so planning a realistic target is a must and don't forget to analyze the market trend wisely. Both greedy and chasing the trend are not a wise way in trading, it makes us inattentive. Also, we must have own strategy in trading, don't try to follow other people's strategy that may be popular in that time. People's strategy may not fit with us, not everyone can succeed to use the same strategy!

[nelson4lov]

~Snipped .

Most traders think that having the finest lines, curves or sleekest chart is a decisive factor about how well a trader can make profits but it's not often the case. It takes a rounded approach. In my experience, the first step in any trading career is not to learn technical analysis but to learn about emotions while looking out for patterns about how the trader in question reacts to certain situations. You might have the right technical analysis and biases but miss out on the gains because your emotions made you do so. Ignoring it simply sets one up to fail.

[JeffBrad12]

such thing truly depends on your flexibility of reacting to the current circumstances after all doesn't matter whatever strategy there is you should know how to make some decision intercepting the current strategy if things went wrong and your investment might be at risk of losing instead.
but then again there strategy as simple as holding thats already proven to be effective throughout the year, even if market getting massive bearish you could just prolong the duration of your holding and you're still one.
with trading you don't have that luxury, you always need to watch out for the market movement, and sometimes you might question whether trading is worth the effort.

[kamvreto]

~snip~In my experience, the first step in any trading career is not to learn technical analysis but to learn about emotions while looking out for patterns about how the trader in question reacts to certain situations. You might have the right technical analysis and biases but miss out on the gains because your emotions made you do so. Ignoring it simply sets one up to fail.

Managing trading emotions is an important thing to do first, because it is not easy to have stable trading emotions. The final determinant of trading depends on how we make decisions and emotions will underlie it. It is also influenced by the technical analysis carried out. Finding a suitable technical analysis pattern also takes time, because many analysis tools can be combined and you have to choose which one you will use. Don't neglect anything, practice trading emotions, technical analysis will give you a good experience it must go hand in hand.