How do you feel when you've failed?

How do you feel when you failed?
You expect too much but you get nothing in return..

How do you feel for that? Did it encourage you to stop or continue?

I felt sad when i failed, but it encourage me to continue, failure is a part of life and in business

The real question is how do you feel after you lost so many times?

First time you lost, it will courage you more, and more. After you loss several times you will think to quit from this business.

Well this really depends, if you have realized that in fact you dont have a structered plan and hence its all based on chance,in which case its helpful to you.you can begin to learne what you really need to do,

or

your method has produced a run of losses in which case you should feel nothing.and let your method produce its overall % increase.

or

or

its not a simple question.and the answer lies within ourselves.are you ther yet or not ,thats the part that hurts us,the truth

For me getting stopped out often in a row, is still a big psychological problem. Because i try to get the my lost money back fast and enter to many trades. So at the moment i try to change this with a limit of loss trades per session. This means when i get stopped out on london session i enter the next trade earliest on the NY session.

"How do you feel when you failed?"

I feel NOTHING because there is no such thing as failure unless you give up. If I get stopped out it's a learning experience. Nothing more.

If you think you failed then you HAVE.

what don't break you makes you stronger

According to Paul Tudor Jones a loss "has to hurt". In his opinion he would never trust his money to somebody that don't care about losses.

I agree with him, I hate losing, it hurts.

The biggest losses brought the biggest changes in my carrier as a trader.

To some extent i agree,
it drives us to better ourselves,but having said that,if its one of the 45 losses against the 55 wins,one needs except it without fear

i feel over the moon and and jumping with joy

LOL!!!

Seriously. It hurts. I'll try to numb it down by blasting euro-trash music.

I feel numb..

//----

actually, all things considered, it's very rare that we as individuals fail at anything.... though in forex, it might be common to expect too much..... if so, perhaps we should lower our expectations......

there is nothing wrong with giving up when it's the best option.....

there is also nothing wrong with takin step back and developing a new plan......

take another swing..... they did......h

If "failed" means a loss then fuck yes although i have been in trading and doing similar stuff for some time and a loss actually doesn't mean much it still and will always piss me off. Although there should be almost no emotion when doing your trade it is questionable if there shouldn't be any emotion overall. Depends on your personality i guess. All decent traders that i have met will not jump the bridge even on a big loss day that is way beyond what some spent on a house but even the small losses still at least pisses them off. Some are just perfectionists and it bothers them to have lost / failed... others are just addicted to money and a small gain at the end of the day doesn't give them the kick. Very few just do it without any emotion.

Hi OP,

If we equate "failing" with losing in trading, well, then I must state that the majority of the time I fail in trading, and that is ok. I am of the mind set that losing is part of trading, and as long as you keep them small, losing is ok. The problem at times occurs when those failures are so big that the account is placed in jeorpardy.

In my opinion, trading is about managing risk, and the risk that we as trader must manage is that of draining our capital fast and not being able to trade tomorrow. Regardless, that is risk we take every single day even when we are careful. Anything can happen, an adverse move, losing control, forgeting to place a stop loss by mistake - anything can happen at any time and that the risk as trader that we must manage to the best of our ability. One of my favorite rappers starts his record with, " any day can be your last day in the jungle," and to me that rings so true.

Trading to me is statistics, it is not about winning. Trading to me is ensuring that I keep my losers at a fraction of the potential winners. If you risk 10 pips, you must make sure that probably you think based on your analysis to make 20. That is a basic principle in trading, and in business in generial. Most when they first start in their trading journey, don't really appreciate it. One also needs a way to analyze the market, and that is really what takes time to figure out.

Feeling bad about losing is the wrong approach - I welcome taking losses, I feel that it is the reason why I am successful in preserving capital. The frustration in my early days probably had to do with not really having a way to analyze the market in a consistent basis, to allow myself to be right enough time to cover those times when I was wrong.

The most interesting phenomenon about trading is that failure is totally relative in that you get out what you put in.


In any other profession, we have a set of expectations based on effort expenditure and a milestone measure of expertise - for example, an exam or certification for validation of education and/or achievement.


When it comes to trading, for the most part, most disregard these standards as they are not a requirement for entre - but ultimately remain a requirement for success. Delusion and unrealism prevail.


Failure is simply a measure of one's ability to justify behavior. We are programmed to blame, so the last place we look is in the mirror.


How one feels when they fail is directly proportional to their ability to accept personal responsibility.


So the "feeling" of failure is really about accountability - no accountability, no failure.


We are in the midst of a co-dependent society that needs encouragement for aspiring toward mediocrity - reward with no work; the expectation of success with no effort.


Cynical - yes. But how one feels about "failure" can only be measured by precedent.


Is a losing trade a failure? Not if one can blame the market, the system or the robot. There is no perfect system and therefore losing trades are a fact of trading life. The failure comes via lack of preparation


In my humble opinion, failure is investing in shortcuts, taking the path of least resistance, or getting caught trying to cheat the system. Failure is the fraud you attempt to perpetuate on others and yourself in any and all aspects of your life (and in your trading.)

So if you think you can break the rules, life and/or the market will eventually impose them - and "failure" is your lack of recognition of this truth.

Look around.

It's no wonder so few are successful because so few are willing to do what it takes.

It's not failure per se, but lack of effort and commitment. Failure is the manifestation of your true intent expressed in your results.

Kind of heavy, but the truth often is.

All the best.

dcginc

Be careful not to interpret a couple losing trades as failure as these are two different things all together.
Every profitable trader knows that a string of losers is just around the corner ready to eat your hard earn profit if risk is not managed properly. But that same trader is mentally ready for this as he/she knows winners are on their way to cover the loses and some.
If you are new at trading keep a journal of some sort to learn from every trade, in this case every loss can be viewed as an opportunity to learn profitable trading.

It really comes down to how you view the whole experience, positive self belief of 'I can' will definitely help the learning curve.

Cheers.

I don't know cause I've never failed

Okay seriously now, if you're making good decisions and not risking too much per trade, then you should be alright in the end. I started a thread on risk management and decision making recently:

http://www.forexfactory.com/showthread.php?t=361297

I think your answer is the best!! and you are very right about that!!

Thank for your post. It remind me that I should be able to accept a small loss when price do come back again my entry. This is something I don't do, I usually wait until I am been stopped out with my Stop loss. The only reason why I don't get out is because I'm afraid to take a loss and I let my stop took the decision for me

Like in any game battle , I should look to be able to risk, preserve and collect my ammunition ( money) on the run.

The hardiest part, for me, is to execute what I just wrote.....

This is a psychology game.
- Price rise because of greed
- Price felt because of fear

Big guy know how and where to shake out and pray on small fish like us. On a long run, they will sell a big bunch to have the price lower. We will panic and close our long position or moved our stop loss. Once all little fish as been eat by the shark ( big guy), up the price will rise again.... "SH..." I should have stayed on the trade.

Sharks know it, we know it. They act, we react.

Martin