Should we ignore loss in Forex Trading?

Discussion in 'Forex' started by Coner1980, Jun 16, 2020.

  1. loss happens sometimes with no reason, so we the traders should take losses as an easy thingh, otherwise trading life could be the worst part.
     
    #321     Oct 20, 2022
  2. I track my losses. Sometimes, it happens because of psychological issues, while other times they are because of my strategies. Find out why you are making losses before making any action.
     
    #322     Oct 31, 2022
  3. Jas21

    Jas21

    Every trader should keep track of both his or her trading wins and losses. It has a lot of benefits and will enable you to determine whether the value of your funds is rising or falling. I have kept a daily record of my profits and losses, I can undoubtedly see a change over time.
     
    #323     Oct 31, 2022
  4. FahadMd

    FahadMd

    losses can make us crazy and emotional , so when bring losses by own mistake we the traders should remain cool , otherwise the result of trading can be useless.
     
    #324     Nov 1, 2022
  5. No just as you shouldn't ignore winners and assume they were good trades.
     
    #325     Nov 1, 2022
  6. i have never seen at any guy who can avoid losses completely after having good knowledge and experience.
     
    #326     Nov 1, 2022
  7. this is a sad reality of trading.
     
    #327     Nov 1, 2022
  8. Do not ignore your losses because it gives you a new learning opportunity and what to avoid doing.
    One of the most common pieces of advice on this topic has been to always have a stop-loss order on any trades you place, especially the more volatile condition.
     
    #328     Nov 2, 2022
  9. alistera

    alistera

    Apparently I'm told the world has been at war 92% of the past 3,000yrs, if you assume the markets 92% of the time will cause you to lose money, and you focus on that then you will lose again as the dynamics to it are completely variable.

    You need to focus on the losses of the 8% where you could have made profit, knowing the markets will do everything in their power to make sure you get sucked in to the 92% because once that happens, not just your profits, but your underlying capital are in play.

    What is the definition of a loss, that is a loss in the 92% because you were too greedy or inexperienced to know the difference, a loss in the 8% can be a loss (you never learn), a learning curve (neutral), or a loss lead in to greater profits (difficult these days).

    This last one is interesting as once the markets play their hand, interesting things happen like oil at $6 or GBPUSD flashing down to almost parity and then inverting 200% on that move, but today you need algos to track all this stuff as the things publicly available just don't cut it, maybe you can find a combination of 10 indicators that cross match to hit that 8%.
     
    #329     Nov 2, 2022
  10. its a very nice detail with good information. happy trading
     
    #330     Nov 2, 2022