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Author Topic: Accepting this reality of trading has helped me a lot.  (Read 558 times)
DaMut
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July 12, 2024, 08:21:47 PM
 #61

To know that you can't always be right I trading helps you accept the reality of taking losses. For me what's important is my win rate which also shows how good your strategy is base on RR. Everyone loses but not everyone wins consistently to recover the loses.

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July 12, 2024, 08:32:07 PM
Last edit: July 13, 2024, 12:26:36 AM by Stepstowealth
 #62

What do you do when you take a loss?
I use to feel depressed and really emotionally affected whenever I loose money trading, and I always found it difficult to trade after for some days because of fear of loosing more money when I am trying to make money instead. After finding out that even the most professional traders still loss from trading, I became more strong emotionally and prepared for situations where I loose. Now after I loose, I try to accept it first, and then see reasons why I lost so not to repeat that mistake.  Learning about mistakes can help you avoid them.

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July 12, 2024, 11:53:02 PM
 #63

You know there is this things we've alway stock up in our heart that anything negativity is not meant to come nigh us without know that it's one of the characteristics of living Being meaning one must lose or hear about negative news, there are no way for total elimination of loses. Though there are expert but within themselves they are actually lose and if they don't lose while trading the trading principle isn't completed yet because trading is all about profits and lose even though that the chances of lose could be minimized to the bottomless part of it but yet there is loses attached to it. So, as a trader you should know that lose is something you can't totally avoid while trading rather you can reduce it from high to low ranging from 10-1 in rating the percentage of lost.

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July 13, 2024, 05:27:39 AM
 #64

Suffering because of losses is normal because many traders have that experienced so we don't have to feel alone. We just needs to learn more about trading and analysis so we can trade better than before. We must re-visit the mistake that we made before so we knows what went wrong in that trade. We are just human that can makes the mistakes but we also have a chance to search for that wrong.

We must try to control our emotion if the market is unpredictable like today. We can calm down our emotion and maybe leave the market for a while will helps us to be wise and can see the mistake so we can fix it right away. We really needs common sense when we wants to start trading so we can analyze with calm and not in a rush. We must carefully when trading because we can not always analyze with right.
Controlling your emotions is the only way to go and a lot of people make the mistake that they think they should ignore their emotions or try to not feel any emotions. That's not how it works, you can't stop feeling emotions, those are going to come one way or another and you have to have them.

What you can do instead is control them, learn to live with them and your results will show itself. This is how a lot of people do it and if you know what you are doing then you can do the same as well. This is a simple situation, just focus on how you could have your emotions and move on without having to do much about them. If you can do this then you are going to end up with something that will take a while but you will get better results.
We must have good control to calm down our emotion in trading so we can know what we must do. We can not ignore our emotions and let it becomes high without we can not control ebcause that can gives us more problem. We can feels when our emotions becomes high so we can try to control and take a deep breath can helps to calm down ourselves for a while.

But we must do other things besides of take a deep breath especially if we lose our money in trading. We can stops trading and leave the market for a while to forget our sadness and trying to gets back our focus. When you feels you can stable yourself, you can back to trading but always be careful to use your money and avoids to make another mistake.

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