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How do you handle your losses?

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

  1. alexmarian

    alexmarian Private

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    Well 100% profit in 1 trade is insane and there are 100% chances that the account will be blown in matter of minutes. Handling losses is very difficult and if anyone aim for 100% profit then he will leave forex very soon.
     
  2. Olieng38

    Olieng38 Corporal

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    True. In every trade, there are profits and losses. Without making any losses, you'll be relaxed and see no need for improvement. That way, there would be no trade. Traders handle losses in different ways, depending on how smart and emotionally stable they a trader is
     
  3. scott11

    scott11 Recruit

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    I don’t see that 100% of profit deals would necessarily lead to blowing account. I think that it more depends on a implementation of good money and risk management strategy. If dealer uses SL, why should his account become blown?
     
  4. bigdolly

    bigdolly Sergeant Major

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    I think it is impossible to be always on the winning side, losses are essential experience which motivates you to improve and refine your trading approach
     
  5. DaveT

    DaveT Sergeant

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    Nobody wins all the time. This would be very easy if they did!
     
  6. RachelEB

    RachelEB Private, 1st Class

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    When i place a trade, this is when in my mind I have lost the money in my stop loss risk.

    I have found this the best way to remove myself from the emotional attachment of losing money if it hits stop loss.
     
  7. kingsman

    kingsman Corporal

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    Stop loss is really a great tool to remove emotions from your trading but you should also give your stop loss a bit more cushion to avoid brokers spikes that hunt traders stop losses. If you can make a plan on sticking to one trade strategy with good risk reward ratio then you will stop worrying about stop losses.
     
    RachelEB likes this.
  8. RachelEB

    RachelEB Private, 1st Class

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    Yes, always add a little extra, have definitely run them close at times lol
     
  9. DaveT

    DaveT Sergeant

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    If your broker pulls those kind of stunts maybe it's time to switch brokers.....
     
  10. Notati

    Notati Recruit

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    Only a good trader can handle loses. You should have to be patient while doing a trade. Whenever loss occurs you have to recover it with a great technique. Patience is a key to success. This is the main reason behind every successful trader. There is no other way around.
     

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