Should we ignore loss in Forex Trading?
- Thread starter Coner1980
- Start date
The best is to journal each trade and review them at the end of the week
Never ignore your losses, understand why it happened and write it down.. was it because of emotions, was it because you had FOMO or was it a probabilistic loss
Once you start working on your losses, you will have a better understanding and more confidence while pulling the trigger for your next trade.
Never ignore your losses, understand why it happened and write it down.. was it because of emotions, was it because you had FOMO or was it a probabilistic loss
Once you start working on your losses, you will have a better understanding and more confidence while pulling the trigger for your next trade.
Don't ignore them but see if there are any lessons to learn. Often there will be and sometimes you will have done everything according to your plan and the trade just went against you. Variance catches up with all of us.
Ignoring losses is not the solution. The solution is to analyse your losses so that you don’t repeat them in the future. Keep a trading journal where you can keep a record of your trades. So, whenever you get time, just open your trading journal and see what you need to change about your strategy.
It is quite good to understand the process behind the losses, you get to know better on why you were making losses so that you can avoid them the next time, providing if you recorded them in journal which will make it easy to help you out in the next trading session.
Always try and learn from the loads to try and prevent it happening again but saying that there will be loses as it’s part of trading
Yes I know losses are part of trading and we only can avoid them if we have good strategy and skills of trading.