How to Decide During a Bad Trade?

[soumen]

Just put sl and forget about bad trades. And after hitting sl you do another analysis and this time keep in mind the mistakes that you did last time and do not repeat them.

ha sl denese aap bad time se bach paoge. par sl agar hit kare to phir se entry lena thik nehi hoga. aur ha agar phir se entry lena chaho to right entry lo. neho to phir se loss.

[anubhavsingh]

it seems you've become a master. you kept reminding us to always use the sl and TP.
because I also think the same, both are very important.
and I have not been able to consistently use it.
please teach me.

using stop loss and take profit are very essential for your trades...
I used to ignore stop loss in my initial days opf trading but very soon i realised the importance of stop loss
Stop loss is most important for traders having low balance in their account

[arjun]

Just put sl and forget about bad trades. And after hitting sl you do another analysis and this time keep in mind the mistakes that you did last time and do not repeat them.

it seems you've become a master. you kept reminding us to always use the sl and TP.
because I also think the same, both are very important.
and I have not been able to consistently use it.
please teach me.

[anubhavsingh]

Bad trend se bachnae ka sabse sahi tarika stop los ka use karna hi hai..
har trader trend ke hisab se hi trade karta hai lekin agar beech me trend change ho jaye aur uski position -ive me chali jaye to isse bachne ka sabse sahi tarika hota hai ki stop lsos ka use karo...trend change hote hi stop loss pe deal apne aap close ho jati hai

[blackprince4u]

Just put sl and forget about bad trades. And after hitting sl you do another analysis and this time keep in mind the mistakes that you did last time and do not repeat them.

[arjun]

When we experienced bad condition in trading, so there are something that we can do. We can stop for awhile from trading
and reviewed what made us trade badly and then we can make it better or maybe we should spend time to relax first.

yes you are right, we need to refresh our minds, so our next analysis is not wrong anymore.
sometimes while still emotions, our minds can not think clearly, always influenced by emotion.

[anubhavsingh]

This is one of the best post of this forum..
Every new comer should read this post and should follow it strictly because mostly new comer trade during bad time or volatile time and they ends up in loosing money...Traders should have enough patience so that they can decide wether they should trade or not

[mayengbam]

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.

[anubhavsingh]

mere khayal se bad trading ke time pe aapko apne sare basics ko fior remind karna chhaiye..
aur fir ussi ke hisab se apni loss wali deals ko dekhan chhaiye,usme se galtiya nikalni chahaiey aur fir unse bachte hue new trading karni chahiaye

[soumen]

very good topic @ any time bro. yes kharab samay ke douran kuch samay ke liye trading ko stop rakhna accha kam hoga. is douran apna favourite game ya movie dekhne se strace kam ho jata he. aur ha bad trading ke douran aapna bhul se sikhe to fyda milega.

ha mere bhai kharab samay me trading ko thode samay ke liye band kar dena accha hte he. isse strace kam ho jate he. par new bie hamesha bhul se kuch sikhte nehi wo bass dukhi rehta he.