How do you deal with your losses? | Page 2 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Do you believe tight stop-losses cause losses in the long run? 76 replies

Do you believe fixed stop-losses cause losses in the long run? 16 replies

Are you a small speculator? Then I know where your Stop Losses are! :) 11 replies

How do you recover your losses? 15 replies

Attachments: How do you deal with your losses?
Exit Attachments

How do you deal with your losses?

  • #21
  • Apr 4, 2018 1:39am Apr 4, 2018 1:39am
One word; automate.
"The meek shall inherit the earth.." Yeah right, good luck with that shit..
  • #22
  • Apr 4, 2018 2:03am Apr 4, 2018 2:03am
Quoting Zillionaire
{quote} Thanks a million for this insightful comments
You (and anyone else with the brains to understand and appreciate) are very welcome.
  • #23
  • Apr 4, 2018 5:55am Apr 4, 2018 5:55am
just accept it, as usual business
  • #24
  • Apr 4, 2018 7:11am Apr 4, 2018 7:11am
Quoting dkrock
{quote} I was referring to the fact that what happens in a trade is unknown and always will be. That doesn't mean you cannot make a profit. It just means the unexpected can happen at any time. It is like planning a picnic for next Saturday and it rains. It is not your fault. You just reschedule it. Tell yourself that trade rained on me, and then prepare for the next one. One thing for sure...there is always another trade. Good Luck.
So, you are telling us that this all work? Reschedule, prepare for the next one? No exit plan whatsoever? Let it rain?

You are a forex millionaire. Please teach us how to get there? Maybe some visual LIVE examples would be helpful? I would accept some demo examples as well. I am not picky...
Maadik Hugiis. IQ 69.
  • #25
  • Apr 4, 2018 7:23am Apr 4, 2018 7:23am
I take a break, eat chocolate and go for a walk. Then I come back and try to figure out what I did wrong.
  • #26
  • Apr 4, 2018 7:40am Apr 4, 2018 7:40am
"if you do not keep your losses small, you will soon take the mother of all losses"

also, trading is a business and like all businesses you do not make money on all your deals.

the way to deal with losses is imho a winning psyche which requires you to cut your losses and let your profits run.

just my 2 cents.
  • #27
  • Edited 1:24pm Apr 4, 2018 1:12pm | Edited 1:24pm
Quoting MoneyZilla
{quote} So, you are telling us that this all work? Reschedule, prepare for the next one? No exit plan whatsoever? Let it rain? You are a forex millionaire. Please teach us how to get there? Maybe some visual LIVE examples would be helpful? I would accept some demo examples as well. I am not picky...
What would be your exit plan for rain on your picnic genius? WOW! Way to take things out of context. Your hate is so huge you have gone blind. We are talking about accepting losses, not exit plans. READ!! Shouldn't you be panic trading gold? Stop interfering in other people's conversations if you have nothing to contribute. Stop treating FF like your private playground. No respect. How about you show US a LIVE examples of how to accept a loss? I don't know that is even possible, but you DEMAND it, so show us an example. How do you LIVE accept a loss? Everyone wants to know this secret.
You cannot be extraordinary by being normal
  • #28
  • Apr 4, 2018 1:26pm Apr 4, 2018 1:26pm
Quoting dkrock
{quote} What would be your exit plan for rain on your picnic genius? WOW! Way to take things out of context. Your hate is so huge you have gone blind. We are talking about accepting losses, not exit plans. READ!! Shouldn't you be panic trading gold? Stop interfering in other people's conversations if you have nothing to contribute.
Well, nover writer. This is open trading topic, not a private novelists club. Take it easy.

I was expecting an idea, like, you cut your loser short, re-open a new trade into the THE RIGHT direction. If it is a loser already, that needs to be closed, it is obvious the first direction chosen was WRONG. Lotsize management and potions averaging are must have plan, PRIOR TO FIRST ENTRY. Prepared for execution, when shit hits the fan. Do not stop the chase, once started. Ext.

Something more constructive to the TRADING TOPIC, darling.

You have to check the picnic and the weather forums elsewhere. There ain't any of that type here at FF.
Maadik Hugiis. IQ 69.
  • #29
  • Apr 4, 2018 1:28pm Apr 4, 2018 1:28pm
Quoting MoneyZilla
{quote} Well, nover writer. This is open trading topic, not a private novelists club. Take it easy. I was expecting an idea, like, you cut your loser short, re-open a new trade into the THE RIGHT direction. If it is a loser already, that needs to be closed, it is obvious the first direction chosen was WRONG. Lotsize management and potions averaging are must have plan, PRIOR TO FIRST ENTRY. Prepared for execution, when shit hits the fan. Do not stop the chase, once started. Ext. Something more constructive to the TRADING TOPIC, darling. You have...
Try reading the thread maybe and stop being consumed by hate?? We are discussing psychology here, not trading methods. Get on topic or don't say anything at all. Your BS is not helping the thread OP. Stop it.
https://www.forexfactory.com/showthr...7#post10928817
You cannot be extraordinary by being normal
  • #30
  • Apr 4, 2018 1:39pm Apr 4, 2018 1:39pm
Quoting dkrock
{quote} Try reading the thread maybe and stop being consumed by hate?? https://www.forexfactory.com/showthr...7#post10928817
Leave the trash talk for some other times.

Now, a good way to enter is to open all USD pairs, for example, and when 5 out of 7 of them start moving the same way is to jump on to the slope. If the slope happens to be a fake direction and the real direction appears immediately after, reopen into the new direction. What loss?

During the chase, some drawdown might appear. Usually it is bigger than the potential profit. But that is normal. What loss?

Loss is when you open one trade into the bad direction. SL get hit. And you give up. If you do that, you are simply an idiot. A handicapped trader. You should never trade. Ever.

That is called a loss. Yes. Are you suggesting the second option is what you would call a loss?
Maadik Hugiis. IQ 69.
  • #31
  • Apr 4, 2018 1:43pm Apr 4, 2018 1:43pm
Quoting MoneyZilla
{quote} Leave the trash talk for some other times. Now, a good way to enter is to open all USD pairs, for example, and when 5 out of 7 of them start moving the same way is to jump on to the slope. If the slope happens to be a fake direction and the real direction appears immediately after, reopen into the new direction. What loss? During the chase, some drawdown might appear. Usually it is bigger than the potential profit. But that is normal. What loss? Loss is when you open one trade into the bad direction. SL get hit. And you give up. If you do...
Don't talk to me. Talk to the OP like every other normal person. What you said sounds reasonable, on a different thread. Not the subject matter here. No one is asking how to trade. Thanks for toning it down though. Now, this time, read the thread, speak to the topic, and speak to the guy wanting to know your thoughts...the OP. The thread OP wants to know, "How do you deal with your losses"? Write about that please.
You cannot be extraordinary by being normal
  • #32
  • Apr 4, 2018 1:50pm Apr 4, 2018 1:50pm
Quoting dkrock
{quote} Don't talk to me. Talk to the OP like every other normal person. What you said sounds reasonable, on a different thread. Not the subject matter here. No one is asking how to trade. Thanks for toning it down though. Now, this time, read the thread, speak to the topic, and speak to the guy wanting to know your thoughts...the OP.
I am more interested in why you discuss wheather issues on a trading topic?

Help the handicapped OP instead. The guys here need desperate help. Cant you see what they have been thought to trade?

Come on. I really do not like you, but you do not have to be an asshole every time I ping something trading related and constructive. Cut it off.

So, lets help them? Think how?

Open a trade, Take the SL. Live with that, simply does not work. I hope you would agree with that, at least?

And lets talk trading? Trading techniques? Avoiding losses? Not taking them. OK?

Plenty of mentally handicapped "traders" here, with high IQs. That needs to be fixed. Contribute on trading. I can give you a helping hand, if you like?
Maadik Hugiis. IQ 69.
  • #33
  • Apr 4, 2018 2:05pm Apr 4, 2018 2:05pm
Speak tomorrow. Now bed time.

1. Traders should have a basic rule for an entry.
If the entry rule is good enough, like 2/3 or 3/4 or 7/7 of the USD pairs move the same way into the same time, preferably watching them in M1 or M5, jump on the direction. This would almost eliminate the direction changes execution.

2. Few direction changes are normal.
Must have plan, but might not come into action. It is important the currency to move, not the pair only. Still very important.

3. Lotsize plan.
This is simple and easy.
Maadik Hugiis. IQ 69.
  • #34
  • Apr 4, 2018 2:17pm Apr 4, 2018 2:17pm
Everything is great now
Now please, can you tell us what to do when you face more than a one loss in a row?
How do you get rid of the impact of these feelings on upcoming trades?
Its ok to give some tips and advice in other subject
In the end we all want to learn something new from someone else's experience
There is Light at the End of the Tunnel.
  • #35
  • Apr 4, 2018 2:28pm Apr 4, 2018 2:28pm
What feelings? What are you talking about?

You trade A STRATEGY. Just execute it. Exits are the real problem. Always more money can be made. Apart from exits, you just stick to the strategy in use. There are no feelings.

What loses? If you have to face loses, you are simply an idiot. We all have been there, of course. The idea is to adapt the plan that never happens again. Still there are no feelings.

The strategy makes you confident. If you do not have a good one, then... I can imagine... Do not trade, if no good strategy.

It is too late now. Late bed is bad thing for me...
Maadik Hugiis. IQ 69.
  • #36
  • Apr 4, 2018 2:34pm Apr 4, 2018 2:34pm
Quoting Ali.J
Everything is great now Now please, can you tell us what to do when you face more than a one loss in a row? How do you get rid of the impact of these feelings on upcoming trades? Its ok to give some tips and advice in other subject In the end we all want to learn something new from someone else's experience
You don't get "rid" of the feeling. It exists for a reason. Let it seep deep into your soul. You will experience it many times over. Embrace it. Because this is the only way you will learn. And if you ever "forget" the feeling of losing a trade, market will remind you. That said, just take a break. When you come back to your platform, plot the horizontal support and resistance levels with a straight line. Trade only established support and resistance levels. Look for confirmation in the candles. And keep your position size small and your stops tight, so that if you do get it wrong, the damage is minimal. Preservation of capital matters. Less is more.
  • #37
  • Apr 4, 2018 2:47pm Apr 4, 2018 2:47pm
Quoting Jade Gate
{quote} You don't get "rid" of the feeling. It exists for a reason. Let it seep deep into your soul. You will experience it many times over. Embrace it. Because this is the only way you will learn. And if you ever "forget" the feeling of losing a trade, market will remind you. That said, just take a break. When you come back to your platform, plot the horizontal support and resistance levels with a straight line. Trade only established support and resistance levels. Look for confirmation in the candles. And keep your position size small and your...
Thanks for your interaction and sharing us your feedback.
Now can you describe how you feel when you face more than one loss?
There is Light at the End of the Tunnel.
  • #38
  • Apr 4, 2018 3:06pm Apr 4, 2018 3:06pm
Quoting Ali.J
{quote} Thanks for your interaction and sharing us your feedback. Now can you describe how you feel when you face more than one loss?
LOL Ali, you are going to experience MANY consecutive losses. That is just the nature of this market. Which is why, in my article, the advice is always LESS IS MORE. In time, you just take it on the chin, accept that market has it's own agenda, review the situation with more objective eyes, and stay out until you are absolutely convinced you have the TA and the TIMING right. And if you don't learn from the "feelings" to keep your position size small, then you will learn the lesson over and over until you get it so deeply ingrained in your brain that you will either quit or man up. Most end up quitting. You recover losses the same way you make winning trades, one step at a time. Frankly, most newbies just don't have what it takes to stay the course. It's a fiery pit you have entered. If you don't or aren't willing to allow the crucible to shape you, to teach you, to mould you, your end is nigh.
  • #39
  • Apr 4, 2018 7:06pm Apr 4, 2018 7:06pm
Ali, win/loss ratio in itself means nothing. You can have a win rate of 99% but still not be profitable. Example, You can win 5 pips 99 times IN A ROW and take 1 loss of 500 pips, I have seen this happen with people who use no stops or just keep waiting for the market to come back, and you will be unprofitable. As a matter of fact, many experienced traders can take more than a few consecutive losses in a row. Anybody who says they are not taking consecutive losses every now and then is not being truthful.

Last year I had a roughly 40% win rate. That means 6 out of 10 trades lost money, BUT, the other 4 trades made more than the losses. Loss just means I did not earn anything on that trade. It could 1 pip or 100 pips, as long as wins out perform losses, your good and your equity goes up. That is how most real, honest long term trading turns out for retail and even pro traders.

Nobody knows where the market will go or how it will react with 100% certainty. It is impossible. I call it S.W.A.G., Scientific Wild Ass Guess, because we have knowledge on how the market may or should react to particular announcements or technical analysis but anything can happen. That is why you must manage risk, have an exit plan and for Pete sake always use a STOP LOSS.

- Ric
Be humble or get humbled
  • #40
  • Apr 4, 2018 7:22pm Apr 4, 2018 7:22pm
Quoting riclater211
Ali, win/loss ratio in itself means nothing. You can have a win rate of 99% but still not be profitable. Example, You can win 5 pips 99 times IN A ROW and take 1 loss of 500 pips, I have seen this happen with people who use no stops or just keep waiting for the market to come back, and you will be unprofitable. As a matter of fact, many experienced traders can take more than a few consecutive losses in a row. Anybody who says they are not taking consecutive losses every now and then is not being truthful. Last year I had a roughly 40% win rate....
hummmmmmmmmmmm stoploss whats that
people leave, but this thread will go on for ever
5 traders viewing now