Trader's attitude toward winning or losing

[Hellbringer]

Losing is considered to be something that makes a trader more powerful and experienced.
Winning makes the same. That's why trading is worth being tried. The most part of people don't understand that trading is full of experiments and even if you make mistakes and lose funds it means that you have learnt a certain lesson. What lesson? You should sort out on your own, which lesson you have learnt. Took a high leverage? Yeah, it's mistake, because high leverages often lead to such aftermaths. Didn't calculate everything properly, yeah that's also a lesson and in future you will calculate everything more thoroughly.

 

[murray t turtle]

Markets/price action are a form of chaos. Actually all data series.

%%
MUCH of it is.
I seldom fight the fed or Webster's Dictionary, which includes;
disorder,
irregular heartbeat,
stock markets,
a confused mass,
a confused mixture,
unpredictibility as in atmosphere,
messiness,
mis order, mess....................................................Almost antonyms=pattern, plan
But i also noticed some modern dictionaries are as full of cr*p as crypto cr*p
I would not call a trend\ a rigged market LOL.

 

[Flapdoodle]

Failures make us wise but it depends on the mindset of the trader. Some traders quit and others learn and retry and eventually win.

 

[tomorton]

Once you have a consistently profitable strategy, the losing trades are just an overhead.

They are not mistakes, its not a faulty strategy that needs revision, they are not instructive, they are not from bad luck, they are not from a rigged market or a dishonest broker. They are baked into the strategy and absolutely guaranteed to occur.

The losing trades in a winning strategy are just like the weight of the engine in your car. Yes, of course the car would go a lot faster if it didn't have to carry the weight of that massive engine in the front end. But it wasn't a mistake to put it in there.....

 

[murray t turtle]

Once you have a consistently profitable strategy, the losing trades are just an overhead.

They are not mistakes, its not a faulty strategy that needs revision, they are not instructive, they are not from bad luck, they are not from a rigged market or a dishonest broker. They are baked into the strategy and absolutely guaranteed to occur.

The losing trades in a winning strategy are just like the weight of the engine in your car. Yes, of course the car would go a lot faster if it didn't have to carry the weight of that massive engine in the front end. But it wasn't a mistake to put it in there.....

%%
Good points.
Sometimes the overhead losses are to high. Dave Ramsey told one home flipper, his expenses were to hi. Bought a rehab for $40k planned on putting 100k into it + selling it for >200k.
To many things can go wrong on something that old, like a wall, when you take the sheetrock off, the lumber looks like pretzals

 

[Handle123]

ANY trade for 99% of traders has a 50% of trades being profitable, hopefully reward much greater than risk. Absolutely need to have losses to reap profitable trades, most traders design good systems then can't trade as designed. You just don't know when you will hit 23 winning trades in a row. Learn to take small losses.

 

[personifica_]

The trader should not feel overconfident when earning profit consistently, and also should not feel disappointed or anxious when losing.
In fact, one should always be well prepared when trading in forex as you can either win or learn from losing trades.

 

[Jeffery Reid]

imo, losses in forex are more about learning. It depends on how the trader perceives them. He may quit after losses or he may start again and from his losses.