loosing money
- Thread starter OscarR
- Start date
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Take a break! Stepping away from the computer and taking a break can help you clear your mind and put things in perspective.
Also believe that losing money is a part of this trading life! That's all I do!
Also believe that losing money is a part of this trading life! That's all I do!
I have been trading CFD products for almost 20 years now. I would go back and see what I have done wrong, what did I miss, and how should I prevent it.
- Did I missed a major news impact?
- Did I missed an important support / resistance level
it can be helpful to take a break from trading for a little while to clear your mind and refocus your strategy. Engage in activities that help you relax and take your mind off the losses, such as exercise, meditation, or spending time with loved ones.hello everyone!
what cheers you up when you lost money in trading?((
Hey! Losing money in trading can be tough. Remember, it's a learning opportunity and setbacks are normal. Stay positive and connect with a supportive trading community. You'll bounce back stronger!hello everyone!
what cheers you up when you lost money in trading?
Thanks for the pep talk! It's true, losses are part of the game and we learn from them. Really appreciate the positive vibes and the reminder to stick together in this. You rock!
Acknowledgement that loss is a part of the game. You have to be profitable on average (mean of returns should be profitable), losses on particular trades should be ignored to keep you emotionally unaffected.hello everyone!
what cheers you up when you lost money in trading?
Ouch. Step back and reflect. Avoid jumping in quickly to make up any losses. Then review your trading plan ensuring tight risk management settings are in place (such as no more than 1% of your account balance risked on any one trade and limit multiple trades). Trading is more about 'how much am I willing to risk?' rather than 'how much money do I expect make?'.hello everyone!
what cheers you up when you lost money in trading?
Thinking about the profits I made is my motivation for trading.hello everyone!
what cheers you up when you lost money in trading?
yes excatlly well said. I should handle the emotions
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I guess we all think the same way. we start trading to earn profits.
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what are your sources to learn? I always ask people about their sources of learning.
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how do you make a trading plan??? risk is the nature of forex trading.
Taking a break from trading during challenging times can be a wise move. It allows you to clear your mind, reduce stress, and regain focus on your trading strategy. Engaging in activities like exercise, meditation, or spending quality time with loved ones can provide the mental and emotional balance needed to make better trading decisions in the long run. Remember, trading is a marathon, not a sprint, and taking care of your mental and emotional well-being is an essential part of achieving success in the markets.
The fact that someone also lost moneyhello everyone!
what cheers you up when you lost money in trading?
Time will cure. I take a break if I took heavy loss, continuing to trade during this perilous time will likely result in more losses. Setting stop loss and honoring it will also help since you know in advance what you are going forhello everyone!
what cheers you up when you lost money in trading?
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