I think that depends. Some losses are inevitable and you shouldn't sit around obsessing over them. If you're taking a ton of losses, however, it would be necessary to investigate.
Should we ignore loss in Forex Trading?
- Thread starter Coner1980
- Start date
loss is a thing that cannot be avoided after having most powerful analyzing knowledge and experience.
1) Create a system for example mine has a 65% win rate in Forex. Determine your win%. For example, even if you make a system that has 90% win rate, you will lose 10% of the time, there is no reason to investigate losses once you have a real system.
2) Have a job, my system is one of the best in the world determined by tracking sites, but even it has months of losses. Anyone saying you can make money every day or even every week trading Forex is lying.
3) Unless you work for a trading firm that pays you to trade all day, automate the most you can with your system, there is no reason to be spending more than 1 hour per day trading. 95% of all traders that trade all day lose money.
Hope that helps.
2) Have a job, my system is one of the best in the world determined by tracking sites, but even it has months of losses. Anyone saying you can make money every day or even every week trading Forex is lying.
3) Unless you work for a trading firm that pays you to trade all day, automate the most you can with your system, there is no reason to be spending more than 1 hour per day trading. 95% of all traders that trade all day lose money.
Hope that helps.
that is a perfect explanation with good logic . thanks for your nice post.
I won’t say ignoring the losses is the right thing to do, but accepting them is. If you learn from your mistakes that led to losses, then you will have a good chance of becoming a successful trader. However, if you suffer from losses and decide to trade to recover those, then that’s a bad trading move. Refrain from doing emotion-driven trading, as it will lead to more losses.
Making evaluation trades here is important to learn from our mistakes, just like many people said, experience is the best teacher, sometimes learn from reading although understand but in practice still face these mistakes, and when it occurs in real condition, just realize if its mistake leading to regret.
I wouldn't recommend on doing that. Remember that you learn from your mistake, so why don't we apply the same into the trading as well? For every losses you made in trading, it can be helpful to find out the solution on what went wrong and how we can make sure the mistake do not repeat again.
Traders should have a sanguine approach towards losses. They should learn from their mistakes and maintaining journals is the best way for keeping a track on them.
If you ignore your losses, then how will you grow? Your mistakes occur because of a lack of skills. Analyse your trades and backtest your strategies. Find out why you are failing. It will help you become a better trader.