How to Decide During a Bad Trade?

[khanforex]

Traders enter trading with an urge to make profit. For most traders, the inspiration derives from a trader who has performed exuberantly well and who has tapped market at the right time. Interviews from renowned traders inculcate the spirit and thought in the minds of the audience and they endeavor to follow these expert traders. Perhaps most traders fail to notice how the expert traders gradually minimize loss. After all one gets to know it during the course of trading sessions.

Sometime it so happens that a newbie happens to experience a favorable trading on the row and with that in mind he continues his journey. One day that turns his trading upside down will make him highly disappointed. That�s the time when drastic decisions are taken. Since he has not seen loss so far, he would have thought that he is on the right track. A depression in the market is capable of showing you an adverse effect. Perhaps a newbie will never be convinced with this fact. He will continue to trade with the minimum hope that he is left with; the hope that he can earn back everything that is lost.

A very good post dude with a perfect example. In my opinion we should trade only when we feel good and in right mood to trade, when the markets are not favourable most of the people tends to stop trading but i believe we should learn to trade in all conditions but our minds should be ready for it.

[ahsankhan]

Traders enter trading with an urge to make profit. For most traders, the inspiration derives from a trader who has performed exuberantly well and who has tapped market at the right time. Interviews from renowned traders inculcate the spirit and thought in the minds of the audience and they endeavor to follow these expert traders. Perhaps most traders fail to notice how the expert traders gradually minimize loss. After all one gets to know it during the course of trading sessions.

Sometime it so happens that a newbie happens to experience a favorable trading on the row and with that in mind he continues his journey. One day that turns his trading upside down will make him highly disappointed. That�s the time when drastic decisions are taken. Since he has not seen loss so far, he would have thought that he is on the right track. A depression in the market is capable of showing you an adverse effect. Perhaps a newbie will never be convinced with this fact. He will continue to trade with the minimum hope that he is left with; the hope that he can earn back everything that is lost.

kafi achi post ki hai app na humaya chiya kay hum in baton ko follow karain agar hum na bad trader nahi ban hai tu aur good trader bana kay liya humaya bohut zayda hard work karna ho ga.

[kalatim]

there are trade occurred in a poor state, so there is something to do. We can stop for a while negotiation
and considered what hurts us and trade then we can do better or maybe we should spend time to relax first.

[joru]

bad trading par decide investment money par depend ni kari ahi ye to loss hone waali money par hi depend karti hai.
agar kisi ne single trade main hi kaafi loss le liya hai to us par trading ka bura effect padega.
bad trading hone par hame trading main ache chance milne par hi trade karna chahiye.

[joru]

bad time main trading karna or us me ek sahi nirnay lena toda dificult hota hai.
jab trading time or market acha ni chal raha ho to hame trading nahi karni chahiye. or hame learning achi karne k liye study kar sakte hai.

[purohit]

we must go refereshing after have bad experience in trading. dont be trading if we feel bad mood and in bad condition. you must stop to trading for a few times, the reasonable is 1 month. before want to trading in the real account again, firstly we must confident, realize, and preapred to start trading. dont make same mistake again in the next trade and you should learn from past mistakes

[100 to 1,000]

when the situation is bad there are 3 choices that we can make:

1. to put a hedge position to protect the loss so it won't get bigger.
2. to close the position directly so the account won't suffer bigger loss.
3. to close the position partially to reduce the impact of the loss. however, this feature is not available for every broker. so far only mbtrading has this function and maybe the true ECN connection account type can do this but definitely not the regular forex account.

[purohit]

There is no point doing hedging when you already have a trade running in negative loss and you need to analyze it further to make a decision either to keep it running or book your loss right away.

[joru]

hum bad trade ke waqt jab lose ho raha hoo toh hummein koi wrong decide ya phir anxious nehi hona chahiye.kyo ki uswaqt hum agar chahey toh us trade ko close bhi kar sakte hay.Par yeh humare liye lose bhi la sakta hay.

[joru]

I think its more better to maek analysis of the situation instead of rest because more we rest more we lose. We must make analysis of the situation and if we did not find any appropriate solutin than we must close the open trade before that become worse one for our trading.,