How to Avoid Taking Profits Too Quickly and Staying with Losing Trades Too Long

[arif01]

Business and risk one with each other. Its a easy way to income in money from any where if you ant. Forex is online trading. So it may be risky or not be risky what ever it. I can easily trade with Forex online trade in all time. People those who are unemployed they can work with forex in ideal time. People Those who are employed then also work with forex in rest time because it is on line programe and it is always open. So forex is a way of Income for man those who are gather knowledge about computer and online internet use knowledge. So Forex means a sources of income in on line by conversation various topics on forex trading. It is a indian wave site from which lot of people earn money in long time. It is suitable sources of income for student and employee. Its a game also. There is business which as no risk.

[safayet39]

I think we didn't need to experience the failure by ourselves to know that. We could learn from another experiences right? Except you don't believe them and you want to try by yourself Yes if we could identify the trends, we could get profit according to the movement of that pair. We could analyze that too to another pair which has relation, so we could get double advantages There are some pairs which have connectivity, you knew that right?

[Maham Gill]

�Most of the time I earn a few pips and close out the trade because I want to catch it while it is still profitable. But when the trade goes against me I will hang onto it too long thinking it will come back to profitability but I get scared and close it out so I end up losing more. And then, what�s really frustrating is that the trade ends up moving in the direction of my original trade. How can I learn to �stick with my trade� ?�

This is a great question and it is something that all traders, especially in the beginning, have a challenge with. It is also something that is gained through experience. ("What is the Number One Mistake Forex Traders Make")

A key thing that a trader must do is acknowledge that you will have losing trades. (Learn a strategy to help stay away from losing trades "Breakouts:How to Stay Away from Some Losing Trades")

If a trade moves against you, as a trader you need to be willing to accept that loss just as you are willing to accept the winning trades. Since you are trading with risk capital, money that you can afford to lose, a trader must be OK with that loss as it will not affect their life style one tiny bit. Losses are simply a part of trading.

(If you are not trading with risk capital, stop trading!)

Once a trader accepts that concept, they will be more inclined to let a trade �play out� and not jump at the chance to lock in a tiny bit of profit or become distraught as a trade begins to move against them and close out the position.

Next, be certain that you are taking only the higher probability trades, those that are in the direction of the trend, and that your entries are based on a solid technical reason such as a break of support or resistance.

When a trader knows that they are trading a pair that is in a strong trend, they will have the courage of their conviction to be able to �stick with the trade� as it is in a strong trend. (This does not mean that sticking with a trade in the direction of the trend will insure a winning trade. It does mean, however, that you will be taking trades that have a greater potential for success.)

Once you have decided on the higher probability pair you will trade and know where you will place your initial stop and limit, when the trade executes�leave it alone! Promise yourself that you will only let the trade limit out or be stopped out.

Lastly, be sure that you are following the principles of Money Management. So when the losing trades occur, your losses will be small and manageable.

Practice this discipline many, many times in a Demo account until you become comfortable with it.

boht he ahci or best post he muja ya post boht he achi or best lagit balka har trader ko es post ko read kanra chaya q k both sara trader asa he karta han ka profit ho boht juldi quick karta han or loss wala order ko kafi dar tak chalana data han .

[alaminas]

Thanks for your question, we can being too dangerous for our trading , so it can being better for us.we are not disciplined with money management, then we will lose our money.

[ahsankhan]

�Most of the time I earn a few pips and close out the trade because I want to catch it while it is still profitable. But when the trade goes against me I will hang onto it too long thinking it will come back to profitability but I get scared and close it out so I end up losing more. And then, what�s really frustrating is that the trade ends up moving in the direction of my original trade. How can I learn to �stick with my trade� ?�

This is a great question and it is something that all traders, especially in the beginning, have a challenge with. It is also something that is gained through experience. ("What is the Number One Mistake Forex Traders Make")

A key thing that a trader must do is acknowledge that you will have losing trades. (Learn a strategy to help stay away from losing trades "Breakouts:How to Stay Away from Some Losing Trades")

If a trade moves against you, as a trader you need to be willing to accept that loss just as you are willing to accept the winning trades. Since you are trading with risk capital, money that you can afford to lose, a trader must be OK with that loss as it will not affect their life style one tiny bit. Losses are simply a part of trading.

(If you are not trading with risk capital, stop trading!)

Once a trader accepts that concept, they will be more inclined to let a trade �play out� and not jump at the chance to lock in a tiny bit of profit or become distraught as a trade begins to move against them and close out the position.

Next, be certain that you are taking only the higher probability trades, those that are in the direction of the trend, and that your entries are based on a solid technical reason such as a break of support or resistance.

When a trader knows that they are trading a pair that is in a strong trend, they will have the courage of their conviction to be able to �stick with the trade� as it is in a strong trend. (This does not mean that sticking with a trade in the direction of the trend will insure a winning trade. It does mean, however, that you will be taking trades that have a greater potential for success.)

Once you have decided on the higher probability pair you will trade and know where you will place your initial stop and limit, when the trade executes�leave it alone! Promise yourself that you will only let the trade limit out or be stopped out.

Lastly, be sure that you are following the principles of Money Management. So when the losing trades occur, your losses will be small and manageable.

Practice this discipline many, many times in a Demo account until you become comfortable with it.

kafi achi post ki hai app na aur app na aik achi knowledge share kia hai hum say aur mujh lagta hai kay jitna bhi traders hain unhaya yah post zaror parahni chiya discipline wali.

[sohels]

very nice posting i thing every trader should be learn and follow this topic, how to earn more pips with short time , i think its depend only market moving condition

[jeetu]

You have post a very meaningful post, I really admire what you have post, hope we all stick by the post and make good profit in Forex

[worldforex]

.yes. I get scared and close it out so I. end up losing more. And. then, what�s really frustrating is that the trade ends up moving in.. the direction of my original trade. How can I learn to �stick with my trade�???

[worldforex]

yeees...Good post and i think every trader should learn this discipline and should follow the rules,,, the solution of the problem is to stick with your stop loss and TP targets and let the trade run unless it hits your targets....

[aina]

It is like following one simple principle. The principle of the trading is that you open a position only in which the stop loss is lesser than the take profits and if a stop loss is hit, your other signals get activated.