However, should you feel good that you did not lose money, or should you feel bad that you did not take the trade?
How do you feel when you miss a bad trade?
- Thread starter alex.samant
- Start date
you could look at it this way, as traders we are constantly missing out on trades. we can only make so many trades at a given time, not getting frustrated in what you missed out on or getting out too soon to see your trade move more in your favor. for me its frustrating when i break the rules in not taking a small loss. thats aggravating, everything else i try not let it effect me, to me trading is serious business, its tough, just take the good with the bad, just like everything else in life, you can only do your best, a great way to make a living if you can control risk & manage your emotions, & focus on trade execution, then you should be rewarded financially for it.
Usually for any bad trade you miss you probably miss a good one too. It all evens out. Especially if you're getting a few signals a day. I miss out on good signals sometimes cause I'm out for lunch or concentrating too much on another trade. But I also miss the bad ones too. With 50-250 signals a month per stock, no big deal for me.
The more active a trader, the more losses he has to contend with; it's just an integral part of the game, no matter what the trader's system. If the trader's a net winner since adopting his system, he has no reason to change anything he's doing. He was simply lucky and should feel good about having avoided some routine losses.
Hans