Are you looking for excuses?

[downtrend]

When a trader deviates from his trading plan, its only then he looks for any excuses. But its not a good thing to do as your lost money won't be recovered by your accusing anything for it.

 

[Whitesnake]

When a trader deviates from his trading plan, its only then he looks for any excuses. But its not a good thing to do as your lost money won't be recovered by your accusing anything for it.

Deviations from our trading plan is always very much bad because we may lose our hard earned money to the forex market due to the random trading performed. Hence, we should always make sure that we stick to our trading plan and excel in the forex trading business.

 

[EURUSD]

When a trader deviates from his trading plan, its only then he looks for any excuses. But its not a good thing to do as your lost money won't be recovered by your accusing anything for it.

Good trading plan is important thing for traders to prevent big loss or margin call in single or several transactions because too high lot size or overtrading. There is no one who can trade without loss at all so traders didn't need to find any excuse when they lost in trading but traders need to make evaluation about their mistake which caused loss in trading in order to trade better in the future. Don't blame anything (person or system) when you lost because loss can happen to anyone but traders need to learn from their mistake.

 

[downtrend]

Deviations from our trading plan is always very much bad because we may lose our hard earned money to the forex market due to the random trading performed. Hence, we should always make sure that we stick to our trading plan and excel in the forex trading business.

Mostly newbie traders do such kind of act. They want to get something different or big from trading market. While doing so they forget the chances of losing trade. If they risk a lot on one single trade and that goes wrong they lose a large portion of their account's equity which makes them go for revenge trading.

 

[b.robin]

I agree with you. We need to start small and slowly moving forward.

 

[achingbulbous]

i am not that kind of guy who looks for excuses

 

[EURUSD]

Mostly newbie traders do such kind of act. They want to get something different or big from trading market. While doing so they forget the chances of losing trade. If they risk a lot on one single trade and that goes wrong they lose a large portion of their account's equity which makes them go for revenge trading.

It is right. Good trader must capable to consider the risk in trading itself before decide to entry the market with high lot size. It's important to use proper money management so you won't risk more than you could afford to lose because no one can guarantee that your decision will always give profits. Many people blame conditions, indicators, signals, or any other things for their losses and they didn't realize if the final decision is depending on their own choice. So, don't look for excuse when you lost but you should learn from the mistake too.

 

[downtrend]

Only those traders look for excuses that don't have enough knowledge or experience in forex market. They keep on trading with less knowledge which brings them only looses.

 

[nahiyar]

Excuses not make us a good trader. We have to learn from mistakes. Market treats equally to all traders then why traders blame market for their loss. They have to accept they had any weakness in analysis , trading management or skill of trading.

 

[iMusingKiMi]

I believe many people wouldn't look for excuses, or maybe doesn't admit they does. They simply doesn't want to accept they are wrong maybe.