How not to get angry about this? | Forex Factory

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How not to get angry about this?

  • #1
  • First Post: Jul 6, 2020 10:33am Jul 6, 2020 10:33am
Do you happen to get angry when you see a trade take the direction you wanted, without having entered the market?
Unfortunately, I suffer a lot from this. Even though I know that my ideal setup wasn't there that day, that I would have gone in and it would have gone well but I wouldn't have followed my rules, I know all these things but I can't stop thinking about it. Does this happen to you? how do you fight it?
I'm sorry if this post can be stupid to some. But here I always see people talking about technique, when I think that technique really counts a minimum ... we should talk more about psychology.
  • #2
  • Jul 6, 2020 11:02am Jul 6, 2020 11:02am
Quoting gian97
Do you happen to get angry when you see a trade take the direction you wanted, without having entered the market? Unfortunately, I suffer a lot from this. Even though I know that my ideal setup wasn't there that day, that I would have gone in and it would have gone well but I wouldn't have followed my rules, I know all these things but I can't stop thinking about it. Does this happen to you? how do you fight it? I'm sorry if this post can be stupid to some. But here I always see people talking about technique, when I think that technique really...
it happens to all of us

even yesterday sunday, at the opening of the market, i wanted to buy the euro but was in the asian session, i need to sleep and i had doubts and boom the euro went up, i said some bad words to myself and went on my way

cheers
Uncertainty of the market must be embraced and accepted.
  • #3
  • Jul 6, 2020 11:04am Jul 6, 2020 11:04am
Quoting slb
{quote} it happens to all of us even yesterday sunday, at the opening of the market, i wanted to buy the euro but was in the asian session, i need to sleep and i had doubts and boom the euro went up, i said some bad words to myself and went on my way cheers
I am lucky because this does not compromise anything. That is, I don't go overtrading for this reason.
I understand you. The fact is that: why do we get angry? the only thing we have done is ... follow our rules!
  • #4
  • Jul 6, 2020 4:58pm Jul 6, 2020 4:58pm
I have met many people that suggested "Trading in the zone" by Mark Douglas as a very good book discussing exactly what you are going through. Personally, I just try to accept that trading is uncomfortable, so I just try to be comfortable being uncomfortable
  • #5
  • Jul 6, 2020 11:15pm Jul 6, 2020 11:15pm
have a defined trading system, it helps you recognize which trades were simply out of your control
  • #6
  • Jul 7, 2020 3:21am Jul 7, 2020 3:21am
I get angry when I enter the trade and the market goes the exact opposite.
And I also get angry when I play safe and don't enter, only to see market running like Usain Bolt in my predicted direction...
  • #7
  • Jul 8, 2020 4:39am Jul 8, 2020 4:39am
Best to stick to your rules and have good money management. If you are confident in your system than even if you lose you won't get emotional. Emotions will have you jumping from system to system.
  • #8
  • Jul 8, 2020 9:56am Jul 8, 2020 9:56am
Quoting gian97
How not to get angry about this?
How to not get angry? The obvious answer: Just don't.
Return To Disorder
  • #9
  • Jul 9, 2020 1:32am Jul 9, 2020 1:32am
It is difficult, isn't it? If i were you, I would be upset and get mad easily. But you just need to embrace it and learn from the mistake and hope to not to make that same mistake again. Granted it sounds easier said than done, but it worked.
  • #10
  • Jul 9, 2020 3:35am Jul 9, 2020 3:35am
Controlling emotions is very important while trading forex. While we have to learn about forex while trading, this emotional outburst is also a major step to learn
  • #11
  • Jul 9, 2020 8:14am Jul 9, 2020 8:14am
I think that generally emotional outbursts are not a productive, unless one really needs to vent. Choosing when and how becomes crucial then.
  • #12
  • Jul 11, 2020 9:06am Jul 11, 2020 9:06am
Quoting gaijinfx
I have met many people that suggested "Trading in the zone" by Mark Douglas as a very good book discussing exactly what you are going through. Personally, I just try to accept that trading is uncomfortable, so I just try to be comfortable being uncomfortable
I agree with you. There will always be emotions involved as long as there is real money involved and it will invariably make us uncomfortable and anxious. The most we can do is accept this and learn to live with it.
  • #13
  • Jul 12, 2020 9:09am Jul 12, 2020 9:09am
When went in, the next candle is a huge one that goes opposite
  • #14
  • Jul 12, 2020 12:37pm Jul 12, 2020 12:37pm
Forex trading requires strong psychological stability, as market movements are often chaotic and when a series of failures begins to create the impression that the chart is managed against the trader. The ability to hold the pause, wait for the entry and exit points, and most importantly, to refrain from the desire to quickly recover losses, all this is directly related to the psychology of the trader and is a component of stable trading.
Nervous breakdowns on Forex can cause loss of even the largest deposit, we have to learn to control emotions even in the most unpleasant situations. One of the best means for this, in my opinion, is breaks in trading. These breaks can be used for the absolutely opposite occupation. While communicating on forums, I have often met the discussion of how to better distract from trading and restore psychological balance. From what I have read, I can conclude that there is no single effective method and everyone will have to choose the one that suits him or her.
And as a final advice, if you feel irritated, worried or uncertain, it is better to refrain from opening new positions.
  • #15
  • Jul 13, 2020 1:45am Jul 13, 2020 1:45am
Quoting gian97
Do you happen to get angry when you see a trade take the direction you wanted, without having entered the market? Unfortunately, I suffer a lot from this. Even though I know that my ideal setup wasn't there that day, that I would have gone in and it would have gone well but I wouldn't have followed my rules, I know all these things but I can't stop thinking about it. Does this happen to you? how do you fight it? I'm sorry if this post can be stupid to some. But here I always see people talking about technique, when I think that technique really...
I think if you also start to notice those decisions that helped to avoid massive losses you would get balanced view of the benefits of staying away from a trade . But we tend to ignore those situations.
  • #16
  • Aug 14, 2020 1:28am Aug 14, 2020 1:28am
I solved this problem by giving me specific times and targets.
Now when I have completed my target at the right time, I simply close everything and go away to do something else. It seems to work
  • #17
  • Aug 14, 2020 3:32am Aug 14, 2020 3:32am
This is one of the hardest things to overcome as a new trader and can really mess with your psychology. You see it heading the way you thought and then either jump on late (FOMO) or else you are not cautious next time you get an entry signal. Learning to accept this over time is part of being a good trader. You'll never get every entry right but there are plenty of opportunities down the line...
  • #18
  • Last Post: Aug 15, 2020 10:49am Aug 15, 2020 10:49am
Quoting gian97
I solved this problem by giving me specific times and targets. Now when I have completed my target at the right time, I simply close everything and go away to do something else. It seems to work
True, trading for long and extended periods of time every day can make a trader's judgement clouded. When that happens the trader can start to lose money. Taking a break once you have achieved your target helps you to return to trading with a refreshed view.
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