Hoping and Praying Do not guarantee success!

[evostaff]

Many traders keep repeating the same mistake: They take small profits and let the losses run.

Hoping that losses will become profits by waiting a �little bit longer� is gambling. It might be appropriate once in a while, but in the long run, it ruins every account.

okay, i agree wiyh your opinion, forex trading is not anything without knowledge. we can not be sure the price movement. but we have many ways to prediction the price of market. a very important point don't leave money managements and emotional control when trading on

[joget]

if you just hope that the loss will turn into a profit simply by providing a longer time, it will not be able to achieve it. especially if it is not technically possible because your margins are not enough to wait for it to happen. then you should be aware of that possibility.
with prayers will add to the motivation and spirit in a trade, but to be realistic, according to market conditions and the results of your technical analysis.

[ezincenter]

There is no place for hoping here in the forex market, just trade what you see and not trading according to your hopes, but it's not a mistake to praying after you did all the things you have to do, and after you follow the rules of your strategy.

[yogesh]

Of course hoping and praying alone is not going to make us successful in forex trading until we put efforts and develop and test our strategy and improve our skills to maximise returns from our trading.

[adahidayat]

i think that we should always hope for the best and also ready for the worst...when we trade and wait a little longer...it will not affect our trading , if we have applied SL , so then we will be on safer side and if even market goes, then we will just loose that money, which we were ready to loose....it is always important that we have a good market news and follow it...then we can make a good profit...

[raka999]

yeah you are right, but I think at beggining stage we just trade with hope and pray but after some time when we gain knowlege then we began to think before openning position, but in start it just look like gambling and nothing else.

well, there is no harm if we always pray before trading. at least, this will add confidence menhadapi market. it is very difficult to accept the fact that the loss of our position. always use a stop loss discipline may reduce the loss is greater.

[twinkling star]

Many traders keep repeating the same mistake: They take small profits and let the losses run.

Hoping that losses will become profits by waiting a �little bit longer� is gambling. It might be appropriate once in a while, but in the long run, it ruins every account.

yeah you are right, but I think at beggining stage we just trade with hope and pray but after some time when we gain knowlege then we began to think before openning position, but in start it just look like gambling and nothing else.

[ermaniso2011]

yes you are right.for some reason most of the looser will do that,we really need a system that will tell us when to quit and when to enter.if we open a position based on a signal then we have to be honest to ourself if the signal wil fail that mean we have to quit back and wait for better position to enter.it is this simple.getting angry to the market or not accepting the mistake will not harm anybody but us.

[sasa0220]

Yes you should not wait and keep your positions open for a long time hoping the price will come to the level you have open the position. But when you are are trading in the long term and if you have open your position in the trending direction even if there were temporary market correction price will return back to the normal trend sooner or later. So in such situations it is ok to keep the positions open. But you must be careful doing that in market tops or bottoms.

[deathzz]

pray and hope it does not guarantee we will be successful in trading, but we should still have hopes that can still trading. pray without trying the same as lying, trying without praying together in vain.