How to control ourself when we lose money?

Nothing beats lots of practice. If your system has a low win rate but positive expectancy, you get used to losing very quickly.

With a win rate south of 40% I have lots of practice and is very comfortable with losing trades. :D
 
shanellcox said:
I think one should keep their mind calm and work on being patient. This will only help you to tackle situations of profits and losses.
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True. Also, traders should work on being disciplined enough and setting their goals in order to have good profits. When you will be dedicated to your goal, you will automatically prepare your mind for all the fluctuations that can happen. You can analyze the market first using any of the brokers available like FXTM, Turnkeyforex or eToro, then make a strategy, set your goals and trade.
 
syammondsandrew said:
True. Also, traders should work on being disciplined enough and setting their goals in order to have good profits. When you will be dedicated to your goal, you will automatically prepare your mind for all the fluctuations that can happen. You can analyze the market first using any of the brokers available like FXTM, Turnkeyforex or eToro, then make a strategy, set your goals and trade.
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I am doing meditation regularly to keep my mind calm and whenever I incur loss, I take a break and then trade again. It’s very helpful
 
Firstly Sit back and relax, redo your strategy, consider risk management and other areas where you’re doing wrong and further analyse the market thoroughly before making future trades.
 
ironchef said:
Nothing beats lots of practice. If your system has a low win rate but positive expectancy, you get used to losing very quickly.

I have lots of practice.....and comfortable with losing trades. :D
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%%
Me 2.
I edited out your 40%/that is subject to change/all markets are/LOL...............................................................................:D:D:D:D:DThat's another reason i don't look @ tick charts\premarket or 5 minutes much /too many losing periods,losing %.
 
murray t turtle said:
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Me 2.
I edited out your 40%/that is subject to change/all markets are/LOL...............................................................................:D:D:D:D:DThat's another reason i don't look @ tick charts\premarket or 5 minutes much /too many losing periods,losing %.
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Yes Mr. turtle, I meant what I said. :finger:

A method that is < 50:50 win rate with positive expectancy is actually a blessing because you do get use to losing and focus only on the big picture. Those who count cards in blackjack or play poker appreciate that.
 
ironchef said:
Yes Mr. turtle, I meant what I said. :finger:

A method that is < 50:50 win rate with positive expectancy is actually a blessing because you do get use to losing and focus only on the big picture. Those who count cards in blackjack or play poker appreciate that.
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OK by me.
But by me editing out 40% that let you and all know that was not my plan.
Turtles made billions with low % rate/ so to each his own.:cool::cool::cool::cool::cool::cool: :cool::cool: I use big picture charts/all data also.........................................................................................
 
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