Accepting this reality of trading has helped me a lot.

Distinctin

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Quote from: Findingnemo on July 19, 2024, 03:57:06 PM

Quote from: laubeaud on July 05, 2024, 12:10:07 PM

After many years of experience, I realized that losses are part of the proccess trading. Losses happen to the best traders. The best traders I know do not have a 100% win rate.

When I take a loss, I sit down in order to:
a) review the trade
b) learn from my loss

What do you do when you take a loss?

Let me tell you something, more experience will make you think that trading is not worth at all.

People make a lot of money in trading but you can't be consistent with profit making in trading that's why everyone who became financially successful don't suggest this or atleast not with your 100% capital.

Even traditional investors who are billionaires doesn't have 100% success rate either and one good example is Warren Buffett.

Or the more experience you've gained, the more realizations you will see that one should not only focus on trading alone. Reality is, no matter how good or capable trader you are, you are still susceptible to losses every now and then, most particularly when your trades are suddenly not favored by the market.

Trading is not a stable source of income, but an additional source to your main income. Although this might contradict to some points of view, but based on my personal experience, trading is still very risky so one should not only rely on trading alone when making a living.

$weetne$$

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Quote from: Stepstowealth on July 12, 2024, 03:32:07 PM

I use to feel depressed and really emotionally affected whenever I loose money trading, and I always found it difficult to trade after for some days because of fear of loosing more money when I am trying to make money instead. After finding out that even the most professional traders still loss from trading, I became more strong emotionally and prepared for situations where I loose. Now after I loose, I try to accept it first, and then see reasons why I lost so not to repeat that mistake. Learning about mistakes can help you avoid them.

If you do not quit trading you will become a professional trader one day as you keep on learning from your mistakes and working on it to become a better trader. There are many things that new traders do and they think they are the only ones making that mistake but they do not know that almost every trader make the mistakes too. But when they accept the reality that every trader can lose then they begin to understand how trading works. A trader can have many weeks of making profits and later start to lose but when you have different strategies of trading then you can switch strategy when the previous one is not giving you profits. Mistakes are vey common among traders but for you to be a very successful trader, you have to learn to use your mistakes as a guide for you to have better trading futures.

Findingnemo

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Quote from: laubeaud on July 05, 2024, 12:10:07 PM

After many years of experience, I realized that losses are part of the proccess trading. Losses happen to the best traders. The best traders I know do not have a 100% win rate.

When I take a loss, I sit down in order to:
a) review the trade
b) learn from my loss

What do you do when you take a loss?

Let me tell you something, more experience will make you think that trading is not worth at all.

People make a lot of money in trading but you can't be consistent with profit making in trading that's why everyone who became financially successful don't suggest this or atleast not with your 100% capital.

Even traditional investors who are billionaires doesn't have 100% success rate either and one good example is Warren Buffett.

wxa7115

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Quote from: Issa56 on July 14, 2024, 04:35:11 PM

Quote from: laubeaud on July 05, 2024, 12:10:07 PM

What do you do when you take a loss?

I know losing is normal in trading, so if I lose in a trade, I don’t take it as anything special, because I know it’s normal, but whenever I notice a continuous loss in my trade, then I do stop trading for that time just to calm myself, check the causes of my loss, and if that’s what I will have to do more research about, then I will do it. If you are a trader and you have a trading strategy that works for you, don’t think it’s going to be forever, things do change, so you have to keep updating your strategy as well. Sometimes when I make profit, I always take my time to check things that I did that made the trade to be a successful one, and when I lose, I do check the cause of the loss.

This is what makes a lot of traders to eventually burn out, unlike investing in which there are great strategies that have passed the test of time, this is not really true for traders, a strategy may be successful during a period of time, but as the dynamics behind the asset change and the market evolves, what worked yesterday may not work today.

Forcing the trader to once again try to find a way to make money on the markets, and lose to them a great deal of the money they could have obtained during the period in which they were profitable.

Issa56

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Quote from: laubeaud on July 05, 2024, 12:10:07 PM

What do you do when you take a loss?

I know losing is normal in trading, so if I lose in a trade, I don’t take it as anything special, because I know it’s normal, but whenever I notice a continuous loss in my trade, then I do stop trading for that time just to calm myself, check the causes of my loss, and if that’s what I will have to do more research about, then I will do it. If you are a trader and you have a trading strategy that works for you, don’t think it’s going to be forever, things do change, so you have to keep updating your strategy as well. Sometimes when I make profit, I always take my time to check things that I did that made the trade to be a successful one, and when I lose, I do check the cause of the loss.

Cryptoababe

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Losing is normal in trading. But as I've always said, greediness leads to high losses and liquidation. This is why I always advise people to start with spot trading. No matter how long you have been trading, you will surely lose once in a while, but the most important thing is making profit more than you lose.
Trading is very risky, and if one keeps losing and getting rekt, the right step is to quit trading.

mirakal

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Quote from: Stepstowealth on July 12, 2024, 03:32:07 PM

Quote from: laubeaud on July 05, 2024, 12:10:07 PM

What do you do when you take a loss?

I use to feel depressed and really emotionally affected whenever I loose money trading, and I always found it difficult to trade after for some days because of fear of loosing more money when I am trying to make money instead. After finding out that even the most professional traders still loss from trading, I became more strong emotionally and prepared for situations where I loose. Now after I loose, I try to accept it first, and then see reasons why I lost so not to repeat that mistake. Learning about mistakes can help you avoid them.

We are afraid to lose because we don't understand yet fully how trading works as we expect that we will make money rather than lose. Sometimes, we get influenced by our positive mindset and confidence, and can't dare to accept losses. And after experiencing bad things and several losses, we then think about quitting. It is very common, we feel doubts and uncertain about how this thing works but other traders are saying "Those who can't endure risk and losses, have no chance of getting rewards.

To become a(pro) trader is not magical that in tomorrow we become successful already. No traders have not experienced losses, we all have but because we are certain of our goal, we still continue and learn from our mistakes.

jcojci

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Quote from: justdimin on July 12, 2024, 12:22:32 PM

Quote from: jcojci on July 12, 2024, 05:24:51 AM

Suffering because of losses is normal because many traders have that experienced so we don't have to feel alone. We just needs to learn more about trading and analysis so we can trade better than before. We must re-visit the mistake that we made before so we knows what went wrong in that trade. We are just human that can makes the mistakes but we also have a chance to search for that wrong.

We must try to control our emotion if the market is unpredictable like today. We can calm down our emotion and maybe leave the market for a while will helps us to be wise and can see the mistake so we can fix it right away. We really needs common sense when we wants to start trading so we can analyze with calm and not in a rush. We must carefully when trading because we can not always analyze with right.

Controlling your emotions is the only way to go and a lot of people make the mistake that they think they should ignore their emotions or try to not feel any emotions. That's not how it works, you can't stop feeling emotions, those are going to come one way or another and you have to have them.

What you can do instead is control them, learn to live with them and your results will show itself. This is how a lot of people do it and if you know what you are doing then you can do the same as well. This is a simple situation, just focus on how you could have your emotions and move on without having to do much about them. If you can do this then you are going to end up with something that will take a while but you will get better results.

We must have good control to calm down our emotion in trading so we can know what we must do. We can not ignore our emotions and let it becomes high without we can not control ebcause that can gives us more problem. We can feels when our emotions becomes high so we can try to control and take a deep breath can helps to calm down ourselves for a while.

But we must do other things besides of take a deep breath especially if we lose our money in trading. We can stops trading and leave the market for a while to forget our sadness and trying to gets back our focus. When you feels you can stable yourself, you can back to trading but always be careful to use your money and avoids to make another mistake.

Adbitco

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You know there is this things we've alway stock up in our heart that anything negativity is not meant to come nigh us without know that it's one of the characteristics of living Being meaning one must lose or hear about negative news, there are no way for total elimination of loses. Though there are expert but within themselves they are actually lose and if they don't lose while trading the trading principle isn't completed yet because trading is all about profits and lose even though that the chances of lose could be minimized to the bottomless part of it but yet there is loses attached to it. So, as a trader you should know that lose is something you can't totally avoid while trading rather you can reduce it from high to low ranging from 10-1 in rating the percentage of lost.

Stepstowealth

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Quote from: laubeaud on July 05, 2024, 12:10:07 PM

What do you do when you take a loss?

I use to feel depressed and really emotionally affected whenever I loose money trading, and I always found it difficult to trade after for some days because of fear of loosing more money when I am trying to make money instead. After finding out that even the most professional traders still loss from trading, I became more strong emotionally and prepared for situations where I loose. Now after I loose, I try to accept it first, and then see reasons why I lost so not to repeat that mistake. Learning about mistakes can help you avoid them.

DaMut

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To know that you can't always be right I trading helps you accept the reality of taking losses. For me what's important is my win rate which also shows how good your strategy is base on RR. Everyone loses but not everyone wins consistently to recover the loses.

Ndabagi01

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Quote from: laubeaud on July 05, 2024, 12:10:07 PM

After many years of experience, I realized that losses are part of the proccess trading. Losses happen to the best traders. The best traders I know do not have a 100% win rate.

When I take a loss, I sit down in order to:
a) review the trade
b) learn from my loss

What do you do when you take a loss?

Just like you do, sit down and go through the trade again and see where the mistakes are. The only problem with checking back is that you have to be someone that is conversant with charts a lot so that when you see such type again in the future, you’ll be able to highlight as the same one that made you be on loss the last time you tried to trade it. What I do for setups like that is, I save the setups and when I want to take a new thread that I feel are similar to the previous ones that have exited me from the market before, I go back to the saved set up to confirm my claim whether I’m right or not about it. No one has 100% win rate and the best of those traders are the ones that accepts losses and take corrections from them to amend their upcoming trade with it.

justdimin

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Quote from: jcojci on July 12, 2024, 05:24:51 AM

Suffering because of losses is normal because many traders have that experienced so we don't have to feel alone. We just needs to learn more about trading and analysis so we can trade better than before. We must re-visit the mistake that we made before so we knows what went wrong in that trade. We are just human that can makes the mistakes but we also have a chance to search for that wrong.

We must try to control our emotion if the market is unpredictable like today. We can calm down our emotion and maybe leave the market for a while will helps us to be wise and can see the mistake so we can fix it right away. We really needs common sense when we wants to start trading so we can analyze with calm and not in a rush. We must carefully when trading because we can not always analyze with right.

Controlling your emotions is the only way to go and a lot of people make the mistake that they think they should ignore their emotions or try to not feel any emotions. That's not how it works, you can't stop feeling emotions, those are going to come one way or another and you have to have them.

What you can do instead is control them, learn to live with them and your results will show itself. This is how a lot of people do it and if you know what you are doing then you can do the same as well. This is a simple situation, just focus on how you could have your emotions and move on without having to do much about them. If you can do this then you are going to end up with something that will take a while but you will get better results.

jcojci

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Quote from: AmoreJaz on July 08, 2024, 12:46:05 PM

That is true, if you suffer losses even if it is not a heavy one, try to re-visit such mistake and check what went wrong in that trade. You may not do it right away because you may be emotional about it because of the loss, but try to face this situation in order for you to gain better insights the next time you execute your trade.

When it comes to crypto market, you will find out that each project is unique and they usually don't follow what you have learned about TAs and all those analyses. Most of the time, you need common sense for what you are seeing and reading about the project. Hints that you can get from their social media channels will actually give you better clues on where they are heading at.

Suffering because of losses is normal because many traders have that experienced so we don't have to feel alone. We just needs to learn more about trading and analysis so we can trade better than before. We must re-visit the mistake that we made before so we knows what went wrong in that trade. We are just human that can makes the mistakes but we also have a chance to search for that wrong.

We must try to control our emotion if the market is unpredictable like today. We can calm down our emotion and maybe leave the market for a while will helps us to be wise and can see the mistake so we can fix it right away. We really needs common sense when we wants to start trading so we can analyze with calm and not in a rush. We must carefully when trading because we can not always analyze with right.

Gaza13

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Quote from: synchronym on July 10, 2024, 01:32:06 PM

Every trade is very risky so you have to trade very carefully. First of all you can't be in a hurry while trading, many a times we are in too much of a hurry hoping to make a quick profit and in the rush we end up losing. In trading, we must gain enough knowledge about the trade. If we do not gain enough knowledge about the trade, then we will not get enough success through this trade. Experience is important in trading. Many times we lose our patience if we lose money in one trade then we are very afraid to trade again so we should not lose our patience we should patiently trade again and again we have to learn from where we went wrong if we If I can trade in this way, I will definitely be one of the successful traders in the future.

Of course, this fear often arises when one experiences failure in analyzing the market. And it could be said that they are afraid to try again because they will lose their money even more than before. I think those who have experienced losses in trading certainly don't just guess, and you can be sure that they are equipped with knowledge even though it's still a little because their money is at stake, of course they won't let it go or throw it away in vain, right?

josgandosbro

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Most of the trades Frist time lose the money in trading process. So that experience is help to future trading. Traders effort is important for the trading. But without effort not easy to get profit. Trading is not easy to use. So accpet if get any lose. Nex time that experience help to avoid the some issues and eerors. Easy to get profit.

lixer

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Quote from: laubeaud on July 05, 2024, 12:10:07 PM

After many years of experience, I realized that losses are part of the proccess trading. Losses happen to the best traders. The best traders I know do not have a 100% win rate.

When I take a loss, I sit down in order to:
a) review the trade
b) learn from my loss

What do you do when you take a loss?

Took you a while there Grin

.

Someone getting into trading needs to do research and gain enough knowledge before they start, and when you are doing that, you should also understand and have knowledge about how losses in trading are a normal thing because it is something you do based on predictions and chart-reading and you can't be right all the time when you are predicting the future no matter how good you are at doing analysis and reading charts.

When I incur a loss in trading, I do the same thing, I don't make more trades before I evaluate my previous trade and the reason why I got a loss, and once I find it, I work on the mistake I have made and rectify it so that it is not repeated again in the future.

Dewi Aries

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Quote from: OrangeII on July 09, 2024, 10:08:48 PM

in fact, people grow by learning from mistakes. Not a single trader gets continuous profits from trading. There will always be failures. What makes the difference is the loss received. However, persistent people will learn from their mistakes, and try new strategies. Sooner or later, this will make someone better at trading.

In any case, those who always excel are those who always want to use their mistakes as learning material or something that must be corrected. There will be no improvement if there are no mistakes, and there will be no success or success if there are no failures caused by mistakes.

Actually, this problem comes back to each individual, simply put, if you want to be successful then you must first experience failure, because only failure will tell us what the right thing to do is, or that is, failure will be something that tells us. us about what to do and what to avoid.

But if we talk about the world of trading, that doesn't mean that you already know what to do after you learn from your mistakes, that doesn't mean that you will always be able to end the session with a profit, as you said and that's right. The reason is because this is trading where there is no single way that can predict the market 100% accurately, meaning there will always be times for you to still experience losses, but what we have to pay attention to is when we are always persistent in learning, for example studying mistakes that we have made. If we do it and learn about the new things we discover, it will help us avoid the possibility of excessive losses.

synchronym

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Every trade is very risky so you have to trade very carefully. First of all you can't be in a hurry while trading, many a times we are in too much of a hurry hoping to make a quick profit and in the rush we end up losing. In trading, we must gain enough knowledge about the trade. If we do not gain enough knowledge about the trade, then we will not get enough success through this trade. Experience is important in trading. Many times we lose our patience if we lose money in one trade then we are very afraid to trade again so we should not lose our patience we should patiently trade again and again we have to learn from where we went wrong if we If I can trade in this way, I will definitely be one of the successful traders in the future.

tygeade

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Quote from: Dzwaafu11 on July 09, 2024, 11:56:41 AM

Quote from: Questat on July 05, 2024, 02:49:35 PM

There’s no perfect traders in the market, all have their fair share of losses before they achieve their current position they are enjoying right now. Acceptance is the key, and always bear in mind that before you succeed in this trading journey, you need to experience those inevitable losses at first that will build your strength and confidence as a trader.

Exactly. I agreed with you that in trading, losses will come first, and even after you master the trading skills, loses can still come. The thing is that in trading, there must be losses because that is how it works. We know that before enjoying something, there must be some situation that we get into, which is also part of the hustle, and in trading, those situations are the losses you just say in. However, regardless of how knowledgeable you are, you will still lose in trading, but the losses will be minimal compared to when you become a professional trader.

That acceptance of losing type of mentality will make someone amazing, not because they lose, and many people do not understand it, but because you understand that's a natural part of it and you just need to learn and grow with it. That's why we should be considering the fact that it is going to take a while, and we just need to assume how to grow and be better. I get that things aren't simple, and I get that we are not going to see things change, because it doesn't matter if you are a newbie or a veteran in the end you are going to lose.

It's how you react to your loss that will decide how good you are going to be in the end, and if you do what you should, then you are going to end up with a much better result without a doubt.

Topic: Accepting this reality of trading has helped me a lot. (Read 712 times)