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.
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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.
ya bro we shuld do dis if v getting successive loss den we shuld stop trading & wait for market to come in our favour...!!!
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.
You should limit your daily trades and also wait for some favorable conditions .
Many times emotional trading becomes major reason behind successive losses .
So you should control that one and try to build up some confidence by playing on small volume with small profit.
The only good way to deal with successful losses is to re check your trading strategy. It is possible that your trading strategy does not work well with the prevailing market conditions. You can either stop trading until the market conditions are more favourable or you can chose to retest and reevaluate your strategy on a demo account.Quote:
Originally Posted by yogesh
If someone is facing successive losses then he should have some break in Forex trading. Learn from crash and judge the mistakes that he is making and try to minimize mistakes and wrong discissions.
The cause of successive losses is aggressive behavior toward market. If you lose one time or two time then hold on and do not trade , just watch the market movement.
Well, I do the same, if I get continuous loss then I also stop trading and start analyzing my mistakes that why I am losing so much and after I find my mistake then I start trading in demo so that I can overcome my faults and after few days when I feel that now I will not repeat my mistake then I start the real trading again.Quote:
Originally Posted by yogesh
if i deal with successive loss, i made some plann for another day with different strategy and different rule. but before that i intropection and corection for the last session. sometime i get vacation for refresh my brain from forex trading.
Maybe you're right if there is time which it is better to move back to demo account again after I experienced losses many times in a row.Quote:
Originally Posted by assi
It is happening because you will feel down after experiencing losses many times and it's not good for your psychology. If you are down then
it's better to move back on demo account to bring back your confidency.
ye sabse acha tarika hai forex me apne losses ko handle karne ka..apne losses ko analyse karke aage tarding karne se aapko age chalke bahut fadyah otah ai aur aapko loss kiye hue sare paise bhi recover ho jate hai agar aapne thik se apne losses wali deal ko analyse kiya ho to..forex me profi wali deal se apko jitna seekhne ko milega use zada apko lsos wali deal se seekhne ko milta hai..har trader ko apen losses ko zarur analyse karna chahaiyeQuote:
Originally Posted by bonuslover
I often loss because im doing some mistake like:Quote:
Originally Posted by soft
- Take small profits and large losses.
- Cancel the stop-loss after you have placed on the market.
- In and out of the market too often.
- Buy or sell just because the price is too low or too high. I think that the price is OB and OS
Dealing with successive loss is very difficult for me, because it makes me to loose the money and also we loose the belief in our system, analysis which demotivates us to continue trading. In such case i relax myself by seeing some good movie, listening to music and then only i will come back to analyse my loosing orders.
Yes, of course if i am in successive loss then to see the market trend ,when it is in my favor then again to start trading but with cool mind and no need to greedy.
If you are facing losses continues then I want to suggest you stop real treading account and get demo account again for more practice and build trading skills.
I start trading in demo so that I can overcome my faults and after few days when I feel that now I will not repeat my mistake then I start the real trading again and Learn from crash and judge the mistakes that he is making and try to minimize mistakes and wrong discissions.
For me if i get few continious losses i will consider that a bad day and so i avoid trading on that day, and try to come up the next day with fresh strategy, and yeh i try to remove the mistakes or ignorances of previous day.
the fear of losing money is a good thing, not in its own self but by virtue of the after effects it causes to forex traders out there. The trader who is afraid to lose will invariably seek out ways to become successful, thus overcoming his fear to some degree. A trader who is simply indifferent is the worst kind of trader because there will be little or nothing to challenge him to become better at trading.
don't be over confident.it is the bad thing and try to avoid it.over confident will get loss only .it leads even good traders in a big loss.Quote:
Originally Posted by realfun07
and my advice to traders is take success and failure as equal.
The traders who are successful will be able to trade at any time but then they also need to think that markets are unpredictable and sometimes they will make the loss for the trades if they are not at all carefulQuote:
Originally Posted by realfun07
yes we have to wait for our successive losses.forex is a very risky market.so if one getting loss
frequently then one should stop trading and wait for good situation.
i think every trade like .event hose in the sports fieldneed a time out . a time out is when you have successive losses and and you take some time of trading to evaluate how your system is doing and what could be wrong with it . its very helpful and refreshing !
over confidence ki wajah se forex me traders ko bahut loss hota hai kyunki aise log bahut zada analysis nahi karte aur bahut hi jaldi buying ya selling ak decision le lete hai jis wajah se unhe loss hota hai..forex me apne emotions ko kaabu me rakhna bahut zaruri hota hai kyunki emotions ki wajah se trading account me loss hona achi baat nahi haiQuote:
Originally Posted by dareking
Right losses will make you depress or down and usually you will make bad consideration to make decision and If you are down then it's better to move back on demo account to bring back your confidency and we should know when is time to enter and quit which is low risk.
Currently I am under this situation, that I had lost my last four trades consecutively and I am very down grade in my trading these days. I am avoiding trades also the market is quite disturbing these days and moving unorthodoxly as well.
Motivation levels will come from making some good profits from the markets and also from the facts that any time we see that the trading results are not what we have always wanted then the time has come to testify the new system of trading so that we make good profits again :)Quote:
Originally Posted by realfun07
Before hand, it is expected that we forex exchange traders should try our best to set a stop loss in their trades. This will enable the trader to exit losing trades automatically at any point in time.Quote:
Originally Posted by yogesh
Dealing with successive losses is hard. You will feel bad and depressed, but do not worry you will get better, just have to learn how to trade more and improve on your skills. You should buy more books on forex trading or learn from expert traders on this forum.
When i started Forex many people said that Forex is so risky do not involve in, but i never listen to anyone.
And also my learning method the same as you posted here. It think there is no one who can teach us Forex. The only way of learning Forex is observe other trader, watch market movement and do Forex.
yes i am also thinking the same.if i get successive losses i will take a short break and analyse what the mistakes i have done in the previous trade.i will get back by correcting the mistakes i have done while i am losingQuote:
Originally Posted by realfun07
It is better to be careful and cautious all the time when you trade. A trader must not be over confident as the moment he is more confident he can start to ignore facts which might lead to losses for him.
We all have experienced losses in a row. But, this is usually my mind I experienced every snafu, so my concentration was not good. If the loss occurred many times, I leave the computer and go to sleep.Quote:
Originally Posted by yogesh
If you are facing losses continues then I want to suggest you stop real treading account and get demo account again for more practice and build trading skills.
Yes i do the same with you, when i get a succesive losses, especially in three times a row, i usually stop trading to calm my emotion and review my sistem. Is there any mistake in my system then i will repair it and continue trading if the system has fixed.Quote:
Originally Posted by yogesh
well we cant garnt the profit and we cant garnt the lose too because if we garnt the lose just open the opposit and you will win well in this case i think the best way to lose is just open your deal and close it you will lose the spread and choose the high one and i dont advise that
From what plenty people say, I can see that it is hard to deal with successive losses. It will kill the confidence of trader in himself and his trading strategy. If you have successive losses then you will have to reconsider trading forex, except you have a good trading personality.
yes just like you, when there was a continuous loss, and when we feel the market has been hostile to us, then the best step is to stop for a moment. refreshing that our brains are fresh again. after that, and when it is ready, we entered the market again.
Dealing with successive losses is hard. You will feel bad and depressed, but do not worry you will get better, just have to learn how to trade more and improve on your skills. You should buy more books on forex trading or learn from expert traders on this forum.
for me the first time that I started to negotiate in the demo for me to overcome my faults and after a few days when I feel that now I will not repeat my mistake, can I start trading again and learn from real crash and judge the mistakes he is making and try to minimize mistakes and bad discissions.pour have a good decision in every field.
If someone is facing successive losses then he should have some break in Forex trading. Learn from crash and judge the mistakes that he is making and try to minimize mistakes and wrong discissions.
The cause of successive losses is aggressive behavior toward market. If you lose one time or two time then hold on and do not trade , just watch the market movement.
Currently I am under this situation, that I had lost my last four trades consecutively and I am very down grade in my trading these days. I am avoiding trades also the market is quite disturbing these days and moving unorthodoxly as well.