How do you handle your losses?

radex78

Banned
Nov 15, 2015
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The losses that we get from doing our trades can come down if we will make use of the stop losses in our trades and also know that not everyday we will have a trading opportunity with us.
Stop loss still used many trader to manage the risk, and I think all trader also will learn how to put stop loss on safe area but still on risk consideration, might trader using support and resistance and using strategy pending order etc, but might some trader use hedging strategy to manage the risk
 

Lawrence

Active Trader
Aug 20, 2015
169
7
34
Stop loss still used many trader to manage the risk, and I think all trader also will learn how to put stop loss on safe area but still on risk consideration, might trader using support and resistance and using strategy pending order etc, but might some trader use hedging strategy to manage the risk

We should try to minimize the losses in our trades and that could be easily done if we start using the stop loss settings at the correct levels. This will also allow us to get out of the trades that have the potential of giving us more losses :)
 

Twin butterfly

Active Trader
Apr 11, 2016
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Using proper stop loss is not easy step for any trader because it take a lot more analysis to calculate a correct stop loss for the trade.
 

radex78

Banned
Nov 15, 2015
676
17
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45
Using proper stop loss is not easy step for any trader because it take a lot more analysis to calculate a correct stop loss for the trade.
Indeed, might sometime we facing with dilemma when using stop loss, might we ever faced experience when price hit stop loss then price move to reached target and might we regret afterward, but this is for lesson and we can improved strategy to keep secure in trading but keep risk management plan
 

Twin butterfly

Active Trader
Apr 11, 2016
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Developing risk management techniques are easy but to implement in real account with good mind is more difficult. At trading trading time, most trader lost their discipline and make mistake of no proper management.
 

radex78

Banned
Nov 15, 2015
676
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Yes implemented risk management also will depending with psychology trader, sometime tarder abandon plan trading and lack in discipline to manage the risk might will more discipline if use robot because this software work based on logic
 

jellyeb

Active Trader
Jun 10, 2015
248
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Well talking about practical approach, best way to take losses it to cut them in small parts using tight SL. Psychologically it easier to take a row of small losses than one big slash from your capital. As trading is more about psychology you will make less trading mistakes if you accept small losses.
 

radex78

Banned
Nov 15, 2015
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Indeed using tight stop loss will minimize risk to smallest number, but some trader might they having reason to giving more distance movement and put wider stop loss with hope will reached target first, and each trader having different level psychology, as trader free to manage their money with tight stop loss or large stop loss
 

Twin butterfly

Active Trader
Apr 11, 2016
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Using calculated stop loss is a good way to cut off our losses but it does not help us every time. Some times our stop loss our not correct which can cause loss too.
 

inggo

Banned
Jan 13, 2012
498
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Philippinese
years trading forex i have my share of loses with my hotforex account, i just reached a ppoint that i simply move on and forget about it, just let it go
 

radex78

Banned
Nov 15, 2015
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Loss in trading is common thing which sometime inevitable, I think no anyone trader along trading career never get loss in trades, but usually we will learn then from these loss which might we will thinking use another strategy
 

Twin butterfly

Active Trader
Apr 11, 2016
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Loss is good thing but if you dont have proper money management then you can face big loss so always have a good calculation of trade with perfect SL and TP can save your capital being loss.
 

Brads

Active Trader
Jul 4, 2016
295
4
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India
Yes, of course, if you are unable to handle your loss and manage it, then you will never able to gain success in Forex Trading.
 

radex78

Banned
Nov 15, 2015
676
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Loss is good thing but if you dont have proper money management then you can face big loss so always have a good calculation of trade with perfect SL and TP can save your capital being loss.
Actually as trader won't to losing money in trading, but sometime loss also giving valuable lesson for us if we recognized mistake the cause of loss then learn from it, might it will make cautious for next day trading
 

Brads

Active Trader
Jul 4, 2016
295
4
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India
There is no way you could avoid loss, you can recover it through more profit, but you will face loss any time you cannot earn profit always.
 

Twin butterfly

Active Trader
Apr 11, 2016
366
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Actually as trader won't to losing money in trading, but sometime loss also giving valuable lesson for us if we recognized mistake the cause of loss then learn from it, might it will make cautious for next day trading
No one want to lose money in any business, but the fact is that if we dont loose, then never learn from it. Actually mistakes are need of any business, they teach us so many important points which we can not learn from any book.
 

boo_sl3

Trader
Sep 13, 2016
12
0
6
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Actually as trader won't to losing money in trading, but sometime loss also giving valuable lesson for us if we recognized mistake the cause of loss then learn from it, might it will make cautious for next day trading

yes, we can learn from the loss that we get to be trading better again. Forex is a business that has a high risk, so it is not forever we will be able to profit continuously in this business
 

radex78

Banned
Nov 15, 2015
676
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yes, we can learn from the loss that we get to be trading better again. Forex is a business that has a high risk, so it is not forever we will be able to profit continuously in this business
If we can recognized mistake the cause of loss, it will giving valauable lesson to making betterment skill trading, and will good if also created new rules to avoid same mistake repeated again because often trader repeated same mistake over again
 

Twin butterfly

Active Trader
Apr 11, 2016
366
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Mistakes are something which always occurs in every business, but taking them as lesson is difficult for few people. Not every person is strong enough to start the fight again and hard work for the same.