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Are you looking for excuses?

Discussion in 'General Forex Talk' started by Rambo35, Feb 5, 2014.

  1. Rambo35

    Rambo35 Corporal

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    I was wondering how many of you actually take the blame for a loss and how many blame other factors such as economic reports for your losses?

    I have always taken responsibility for any loss I have faced and will face as nobody forced me take a position. It is up to the trader to conduct the proper analysis before taking a position.

    What's your guys takes on this?
     
  2. vic84

    vic84 Private

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    its the responsibility of individual trader for losses even it has occurred due to the recommendation of a friend or some online feedback....
     
  3. LoRio

    LoRio Sergeant

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    I used to blame brokers
    then i used to blame strategies
    then i used to blame news agencies
    then i used to blame myself

    But if you think about it,there is noone to blame.
    The money is lost the moment we click buy or sell.It belongs to the beast (market).

    There is a phrase Kevin O'leary uses that i quitte like.
    "i see my money as little soldiers , when i send them to battle i preffer the possibilities of them returning with more soldiers to be high."
     
  4. Pharaoh

    Pharaoh Colonel

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    I blame the quantum instabilities in my Forex Magic 8 Ball. :p
     
  5. willforex

    willforex Corporal

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    I would rather agree with Lorio. Finally, we are the ones to blame :D
     
  6. bigdolly

    bigdolly Master Sergeant

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    Odd question. Losses is our resposibility, because we clicked the button buy or sell. We took final decision. If you banked on EA then your decision is still the reason of your losses.
     
  7. UncleSteve

    UncleSteve Corporal

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    Blame?

    It's all random.

    You use strategy to try to tip random stuff in your favour.

    This is why I wear a seatbelt on the highway, drive a car with airbags, and don't drink windsheild washer even when I'm desperate...

    You don't blame random, you evaluate your results and adjust your rangefinder
     
  8. orni308

    orni308 Private, 1st Class

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    you are incharge of your own money, there is no one else to blame, even if you have followed someone else advise....
     
  9. lbianchi86

    lbianchi86 Recruit

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    ME, ME, ME... even if someone steals my money it means I've made them easy accessible or put them in a wrong place :).. it's my fault :)
     
  10. Pharaoh

    Pharaoh Colonel

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    Cool. Now I can blame everything on lbianchi86. :p
     

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