Those who claim they never face a trading loss simply do not trade. A loss here and there is normal in every trading strategy and nothing is 100%. A trading loss should never break your account performance and dealing with a trading loss the proper way is a very important step or everyone who aspires to become a real trader.
There are different steps to take after a loss and I think one of the most important one is to step away for a bit and calm down if the loss has caused you to become emotional.
Once you have regained your composure sit down and analyze your loss, understand why you lost and learn how to reduce or eliminate what caused your loss. A loss is only bad if you refuse to learn from it.
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Thread: How do you handle your losses?
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12-19-2013, 09:16 AM #1
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How do you handle your losses?
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12-20-2013, 10:15 AM #2
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After I lost my money, I reviewed my account history and the methods I used to know where I got my mistake. Embracing your weakness is giving yourself a second chance of success.
Have a little faith in yourself.
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12-30-2013, 09:41 PM #3
When getting a loss, I would pause trading for evaluation or simply refreshing mind. We can locate our trading errors. That way, we can make the right decisions so that the loss can be minimized.
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01-07-2014, 04:17 PM #4
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Understand why you lost and if it an isolated instance then just ignore it and keep trading. Should this be a bigger issue than you may want to take a closer look at your strategy.
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