How do you deal with your losses? | Page 3 | Forex Factory

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How do you deal with your losses?

  • #41
  • Apr 4, 2018 9:41pm Apr 4, 2018 9:41pm
Quoting Aussi
{quote} hummmmmmmmmmmm stoploss whats that
Strange concept right? A way to stop the bleeding in case things go wrong, why would somebody need that?

-Ric
Be humble or get humbled
  • #42
  • Apr 4, 2018 9:48pm Apr 4, 2018 9:48pm
I beat my wife.
Be like water making its way through cracks.
  • #43
  • Apr 4, 2018 9:54pm Apr 4, 2018 9:54pm
Just do what most others do here. Give expert advice how to win and commiserate with other losers and believe me it will make you feel a lot better like a winner.

Hehe
  • #44
  • Apr 4, 2018 9:57pm Apr 4, 2018 9:57pm
It’s just a battle between “regret” and “relieved” ...
The market can take our stop and rebound = “regret” ... On the other hand, the market can take our stop and continue = “relieved” ... The same thing happens when the market reaches our target ... After all, given the duality nature of the market, anything can happen unexpectedly. But at the same time, some things can happen as planned ...

If we have a “high” win-rate trading strategy, where the targets were reached more often than the stops over a long term, those feelings will ceased and we will be in an “unconditional/peaceful” state where we can just keep on moving forward regardless of what just happened ...
Market is not random but unpredictable
  • #45
  • Apr 5, 2018 1:07am Apr 5, 2018 1:07am
Quoting riclater211
{quote} Strange concept right? A way to stop the bleeding in case things go wrong, why would somebody need that? -Ric
hummmmmmmmmmm why would some need a stoploss i dont know why i dont use one never ever
people leave, but this thread will go on for ever
  • #46
  • Apr 5, 2018 4:15am Apr 5, 2018 4:15am
I deal philosophically . It is inevitable part of the game, called forex trading
  • #47
  • Apr 5, 2018 4:22am Apr 5, 2018 4:22am
Let's not fool ourselves, everyone uses a stop loss. As soon as you close out a losing trade you have implemented a STOP LOSS.

The name says it all...

If you fail to close out a losing trade, the market may do it for you
Come with me if you want to live....
  • #48
  • Apr 5, 2018 6:11am Apr 5, 2018 6:11am
Wtf? Seriously? Madness.

Quoting Aussi
{quote} hummmmmmmmmmm why would some need a stoploss i dont know why i dont use one never ever
"The meek shall inherit the earth.." Yeah right, good luck with that shit..
  • #49
  • Apr 5, 2018 6:31am Apr 5, 2018 6:31am
Quoting Spreadbetter
Wtf? Seriously? Madness. {quote}
no true i dont use a stoploss madness no and seriously are you your brokers friend
people leave, but this thread will go on for ever
  • #50
  • Apr 5, 2018 7:21am Apr 5, 2018 7:21am
You think your broker hunts your personal stop loss? Hahahahaha.

Quoting Aussi
{quote} no true i dont use a stoploss madness no and seriously are you your brokers friend
"The meek shall inherit the earth.." Yeah right, good luck with that shit..
  • #51
  • Apr 5, 2018 7:35am Apr 5, 2018 7:35am
Honestly, I know many traders do not use stop loss and instead use the Alert at/near the exit level, only when they are not near the screen they use it.
There is Light at the End of the Tunnel.
  • #52
  • Apr 5, 2018 9:22am Apr 5, 2018 9:22am
I disagree with points that suggest to
just take the loss(es),
forget about it
and move on to the next trade.
It doesn't address the core of the problem
or help the trader one bit.

The very next trade
might be another loser,
and then another...

Some common causes of losing trades
The trading system that the trader is using...

1. is a losing one (as mentioned before)

2. might be too aggressive,
in terms of trade entries

3. does not suit the trader's personality.
'For the market to work, it needs people who think that they can beat it.'
  • #53
  • Apr 5, 2018 9:59am Apr 5, 2018 9:59am
Quoting AlastorFate
I disagree with points that suggest to just take the loss(es), forget about it and move on to the next trade. It doesn't address the core of the problem or help the trader one bit. The very next trade might be another loser, and then another... Some common causes of losing trades The trading system that the trader is using... 1. is a losing one (as mentioned before) 2. might be too aggressive, in terms of trade entries 3. does not suit the trader's personality.
I didn't think he was asking about how to evaluate a loss statistically or if the execution implemented correctly. I thought he was talking about the emotional aspect dealing with a loss.
Model 3 All Time Pips: -887
  • #54
  • Apr 5, 2018 11:11am Apr 5, 2018 11:11am
Quoting Spreadbetter
You think your broker hunts your personal stop loss? Hahahahaha. {quote}

yes i do sorry to say over 30 years of experiance i have , well well done i am sure your broker does and widens the spread to catch you he likes to take your money the easy way ,
people leave, but this thread will go on for ever
  • #55
  • Apr 5, 2018 1:33pm Apr 5, 2018 1:33pm
Quoting RedWingFan
{quote} I didn't think he was asking about how to evaluate a loss statistically or if the execution implemented correctly. I thought he was talking about the emotional aspect dealing with a loss.
It's all related.

If the system is perfectly fine,
accepting loss is obviously the right thing to do.

Since the system's profitability/reliability wasn't mentioned.
It is not known whether the system at hand
- is profitable in the long run
- suits the given trader's personality

Another possibility is
that the given trader prefers
a system with a high win rate.
That is altogether another issue
if the system he has been using has very bad win rate.
'For the market to work, it needs people who think that they can beat it.'
  • #56
  • Apr 5, 2018 3:30pm Apr 5, 2018 3:30pm
What no-one tells newbies, and what even some more experienced traders don't know, is that you must be able to see and understand the inter-relationships between the currency pairs, DJI, S&P, DAX, precious metals, oil etc. And if you want to trade one particular currency pair, then you must be looking at all its "sister" pairs. Nothing in this market operates in isolation from everything else. It is all tied together. A closed homogenous eco-system that altogether, functions as one. If your broker does not have the indexes, metals, oil etc. on your platform, you need to get a different broker. You are trading blind.
  • #57
  • Apr 5, 2018 3:51pm Apr 5, 2018 3:51pm
My chart screen set up. All on one screen. Fibs, moving averages, trend lines, horizontal support and resistance lines, co-related pairs, indexes, metals, oil.
Attached Image (click to enlarge)
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  • #58
  • Apr 5, 2018 3:53pm Apr 5, 2018 3:53pm
Quoting Jade Gate
What no-one tells newbies, and what even some more experienced traders don't know, is that you must be able to see and understand the inter-relationships between the currency pairs, DJI, S&P, DAX, precious metals, oil etc. And if you want to trade one particular currency pair, then you must be looking at all its "sister" pairs. Nothing in this market operates in isolation from everything else. It is all tied together. A closed homogenous eco-system that altogether, functions as one. If your broker does not have the indexes, metals, oil etc. on your...
I think most brokers have it
Now the question is : How can we find the relationship / correlation between them ? , AND how can use it in trading ?
There is Light at the End of the Tunnel.
  • #59
  • Apr 5, 2018 3:56pm Apr 5, 2018 3:56pm
I'm not going to spoon feed you Ali. You have the basics. Now do the work. Watch, observe, learn, practice.
  • #60
  • Apr 5, 2018 3:57pm Apr 5, 2018 3:57pm
Quoting Jade Gate
My chart screen set up. All on one screen. Fibs, moving averages, trend lines, horizontal support and resistance lines, co-related pairs, indexes, metals, oil. {image}
Is there a Forum where we can get an explanation of how this strategy works?
There is Light at the End of the Tunnel.
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