Are You Disappointed in Trading?

Discussion in 'General Forex Discussion' started by ituglobal, Jan 27, 2016.

  1. ituglobal

    ituglobal Master Trader

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    “One of the keys to a trader’s success was not the results of a trade but rather how a trader reacted to the results of a trade.” – Dan Gamza

    Why me? Why did this happen to me? Those are some of the questions that disturb losing traders. After a series of losses, some of them develop hatred for trading. Suffering that results from negative trades, drawdowns and margin calls can make people easily disappointed in trading.

    Nonetheless, no matter how bad your trading is, it could’ve been worse. No matter how bad things are, there are still some reasons to be thankful, if you can think deep.

    There are events that move the markets and which professionals focus on. These events often are filled with uncertainties, bringing profits and losses to people. Just some months ago, Greece was a hot topic, and speculators were mulling opening positions on the seemingly overextended markets, but some had serious misgivings. At times, the stakes may be higher than the rewards.

    There Is Really Nothing Like Losses

    There is really nothing like losses, for what brings losses to some people is what brings profits to others. The market moves up or down – not losing up or down. When you buy EURUSD and it goes up, you win (but a seller will lose). When you sell AUDJPY and it goes up, you lose (but a buyer will win). When you enter a direction in the market and it moves seriously in your favor, all those who go in that direction will make money, provided there are no wide differences in their entry prices.

    What you call losses is what brings profits to some people. What you call profits is what brings losses to some people.

    People Don’t Learn Their Lessons
    Despite well-meaning efforts to solve the problem of loss, there are millions of traders around the world who’re still losing because of dangerous trading habits. People don’t learn their lessons.

    During a funeral process, many attendees will be remorseful, thinking about the brevity of life and futility of wickedness, anxiety, love of money and so on. But once the funeral is done, you’ll see many of those attendees living their lives as if they’d not die again.

    Too many traders lost in the past because they didn’t use stop loss on live and simulated accounts. When they come back to trading, you’ll see them using the same trading approaches that led to their downfall the last time, namely, high lot sizes and no stop loss. People don’t learn their lessons.

    Traders who test new trading ideas on demos don’t use stops; and I wonder how that idea can survive on live accounts in the long haul, because they may apply it to a demo account once they’ve been lucky enough to gather some gains.

    A Way Out?
    After many years of grappling with the markets, traders who complained in the past may later show their gratitude; and for the fact that the markets cannot be blamed for what happen to them (though we may feel disappointed sometimes). There are days when they become sad, and they complain when they think of their seeming helplessness. Nonetheless, they’d have come to understand that the markets don’t set out to punish individuals.

    Interacting with good traders as well as reading about super successful ones would’ve made them stronger psychologically and kept their spirits up.

    Reflecting on a possibility of a risk-free trading approach reassures those who’re currently losing. Good trading coaches care about them, knowing full well that the end of their struggles is in sight. Focusing on such hope can give a trader the fortitude to endure certain negativity now.

    Conclusion: Are you disappointed in trading? Well those who currently make loads of money from trading were once disappointed at some time in their careers. Those whose marriage is now successful were at one time, frustrated by their spouse. But these people, for example, profitable traders (as well as happily married persons), looked for solutions to their problems and apply those solutions faithfully. That doesn’t mean they’re luckier or better than others: that means they’re able to overcome the causes of frustrations and disappointment in their careers.

    This article is ended with the quote below:

    “Markets are people. So beating them asks for insight in what they are doing. And, perhaps more importantly, how they feel, because that will direct their future actions and, in the end, what markets will do.” – Dirk Vandycke
     
    JamesKelly62 likes this.
  2. radex78

    radex78 Active Trader

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    I am already get earning from forex business and not disappointed in this bsuiness for now, in daily trading although only treat forex as part time business but I am felt enjoy in this business which if we can manage the risk hence forex will making comfortable in trading, learn and never give up even use demo account before get disappointment
     
    JamesKelly62 likes this.
  3. mlawson71

    mlawson71 Newbie

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    I wouldn't say that I am disappointed, but I've definitely sobered up completely about it. I have no illusions that it's an easy job. Forex trading takes quite a bit of effort, time, often money as well, and one just has to accept that.
     
  4. fxapex

    fxapex Active Trader

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    No earlier its was a bit tough but right nowit is still tough but i have learned to managed it well.
     
  5. grac110

    grac110 Trader

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    No i am Not disappointed and suggests everyone to not to be so hopeless or disappointed while trading , because it comes with time, though i am new in it but i will learn it slowly slowly .
     
  6. radex78

    radex78 Active Trader

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    I am not disappointed in forex business, but I am felt happy with forex business because this is also as one reat source of income, in addition if we have many skill in this bsuiness, we can get more earning like as if we become IB or partner broker and get many client register under us hence will get commissiioon as additional income
     
  7. Twin butterfly

    Twin butterfly Active Trader

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    Yes some time when i have to face loss i feel disappointed and try to develop other trading strategy and good indicators that give much best result in trading and it is good for you if you improve you trading system with time and get much experience.
     
  8. ArslanKemal

    ArslanKemal Trader

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    the feeling of dissappointment comes sometimes with losses, but it's important to know how to handle losses. It's not the tragedy, it's not the end of the world. everything comes, sooner or later
     
  9. radex78

    radex78 Active Trader

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    Usually if faced with failure hence will making disappointed, but of course failure is not the end, and good motivator mentioned if failure is first step to forward to success, never give up forever is good soul and mindset
     
  10. Twin butterfly

    Twin butterfly Active Trader

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    I do not called it failure because there is nothing like a failure in life, it is just a break where we stop thinking about positive aspects of our mistakes. So learn from mistakes and move on for new positive movement.
     
  11. radex78

    radex78 Active Trader

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    It's good to having positive mindset about failure, some people might in desperation after suffering with failure, but for people that having strong mental, will assume failure as delay success and never made them fall in desperation, which will start again after break time
     
  12. Twin butterfly

    Twin butterfly Active Trader

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    Some people think that failure is end for that one work and they can not do it again. But reality is that, if you fail ones then try to find your fault with that and correct it. Then try again, one day you will get success. Giving up is not solution for any work.
     
  13. inggo

    inggo Master Trader

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    disappointed? hmmm naaaah!! i mean i have been trading for 5-7 years now, i still have this hotforex account thats been through a lot of ups and downs and here i am still trading it.. i mean i do earn yes, i wont say disappointed since im still doing it, and actually loving it.
     
  14. radex78

    radex78 Active Trader

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    I think if any trader still get income from forex hence still will trying to stay surivive, many trader might already addicted with forex which in daily trading they always trying to trades although sometime facing many times loses, but for trader that already earned in this field, might in life they can enjoy with this business
     
  15. Brads

    Brads Active Trader

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    Yes, many people has this delusion that they could never earn after losing, and they get depressed and thus takes the wrong decision of quiting, which is the worst decision, instead they need to learn from their failure and make profit next time.
     
  16. Twin butterfly

    Twin butterfly Active Trader

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    I think most newbies do quit with Forex, because they think earning money is so easy in Forex and you will be rich within few trades. But the fact is that, Forex is all about learning and working smart to earn profit with skilled mind.
     
  17. radex78

    radex78 Active Trader

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    I have some friend which also interested to become trader, but many from beginner might only excited on first time learning and then bored because they can't get anything from their effort then eventually leaving forex because disappointed
     
  18. MCR logitech

    MCR logitech Newbie

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    No I am not disappointed. Initially I was disappointed with trading as I was not getting the profit. later I thought to analyse well. There are certain myths in trading. Let me disclose some of them:
    1. Investing in Stocks Is Just Like Gambling.
    2. The Stock Market Is an Exclusive Club For Brokers and Rich People
    3. Fallen Angels Will Go Back up, Eventually.
    4. Stocks That Go up Must Come Down.
    5. A Little Knowledge Is Better Than None

    You must ignore myths like these and concentrate more on trading with proper technical analysis.
     
  19. Twin butterfly

    Twin butterfly Active Trader

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    "Investing in Stocks Is Just Like Gambling." Do you believe that, this one sentence is true? I dont think so. It depends on trader to trader that how we take trading as work or gamble?
     
  20. Enivid

    Enivid Administrator Staff Member

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    He actually says that those are myths and should be ignored.
     

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