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How do you handle your losses?

Discussion in 'Beginners Bootcamp' started by Rambo35, Dec 18, 2013.

  1. CryptoatForex

    CryptoatForex Recruit

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    Forex education is a never ending journey.
     
  2. Desacete

    Desacete Recruit

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    There will be many losses in your forwx trading life. You just have to live with them. The best way to handle losses is to never take them personally. Think of losses as learning curves for your future ventures. Don't lose hope of forex trading and quit it just because of some losses.
     
  3. CryptoatForex

    CryptoatForex Recruit

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    Yes losses are a part of trading. Just set stop losses and accept them as part of your overall trading plan.
     
  4. downtrend

    downtrend Sergeant

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    What if you hit more stop losses than take profits ? There should be a high risk to reward ratio in your strategy so that you can cover the losses early with only few winning trades.
     
  5. dianajs

    dianajs Private, 1st Class

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    I agree. The more impartial one is, the better they will trade, I think.
     
  6. bigdolly

    bigdolly Sergeant Major

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    Thanks for your advice. My question is how long have you been successfully trading for living?
     
  7. Forexrider

    Forexrider Private

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    I have lost some good amount of money into the forex market and whenever i lose money i am very much upset and keep planning for the next time trades to manage my greed. :(
     
  8. CryptoatForex

    CryptoatForex Recruit

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    I always have my stop loss/take profit ratio of 1:2.
    But if you are hitting too many stop losses then your analysis or strategy needs looking at.
     
  9. Desacete

    Desacete Recruit

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    It is not easy to handle losses in life. You need to realize that handling losses could not be taught. You have to learn it yourself. You need to build a character that is strong enough to deal with them. There are countless people who get discouraged by facing some losses and failures.
     
  10. Morten

    Morten Corporal

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    You should have to control your emotions when loss occurs. The only thing you have to do is to try to recover that loss with the best strategy and skills you had. You should have to face that problem by your own. Never give up at any cost. Thanks
     

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