How do you deal with successive losses?

Quote:

---

Originally Posted by ntoed

when i get a succesive losses, especially in three times a row, i usually stop trading to calm my emotion and review my sistem. i need to relax to gain my mind to concentration status to help myself to find the mistake and solve it. i will ensure that i will not met with the same type of losses again and make better strategy.

---

That was good idea because our psychology will be affected if we experienced losses so many times in a row.
it can lower our confidency to trade as our current system and trading plan. So if we faced so many losses in row,
three times in row, then it's important to review current system and fix the problem :)

to deal with successive losses is better to change the trading style or strategy. learn forex thouroughly and produce a new strategy, then test it in demo, if successful, then proceed to real account

as a forex trader the mistake we make is when we lose we try to get back at the market by try to regain the money we have lost in a trade, which is a bad decision, when you are making successive losses then i think it is time for you to quit trading for the day

Quote:

---

Originally Posted by fumina

There is no other way to prevent successive loss in forex except I used risk management in any conditions in the market.
Besides I should use risk management in every transaction, I should limit maximum orders in a day and maximum losses
in whole day. I must determine how many pips of losses which I toleranted in a day.

---

always put SL and TP, is the best tips to avoid got bigger loss,
ans also, we must make our technical and fundamental analysis more better every day just by keep practicing,,
always read about global economy news,,,,

Quote:

---

Originally Posted by yogesh

What is best way in your opinion to deal with successive losses?
When i encounter days giving me frequent losses i simply stop trading and sit in cash waiting for more favourable market conditions.

---

Two things must be done in times of successive losses in the business of forex trading. Traders should either quit their trades temporarily or then try to find out what is wrong with their forex exchange trades.

Quote:

---

Originally Posted by miketega3

as a forex trader the mistake we make is when we lose we try to get back at the market by try to regain the money we have lost in a trade, which is a bad decision, when you are making successive losses then i think it is time for you to quit trading for the day

---

true friend, I agree with you that in our trading business and if we continue to lose the first game we close our trading. we should evaluate our mistakes to avoid mistakes again in the future.

i think the best way when someone having successive losses is take break or snap and spending little time away from forex and made up your mind relax and comeup with a free mind...

when i face with successive loses, first i will try to stop trade awhile and then try to find out what is the reasons of my loses in trade. If the loses happen because of my strategy, then i will plan a new strategy and start strading again.

When I unable to discover market trend as a result my trading go to loss then I stop my trading and analysis more and more when I understand market trend then I again start trading and recover my loss.

Quote:

---

Originally Posted by ishvara

Two things must be done in times of successive losses in the business of forex trading. Traders should either quit their trades temporarily or then try to find out what is wrong with their forex exchange trades.

---

yes brow in the event of consecutive losses is better still stop if we still continue to trade will certainly continue to be for us ndan
bomerang might our capital could be depleted without the rest of the meal by the market because of our own greed