Topic: What do you do when your tades go against you ? (Read 136 times)

A must thing to do specially at the time or moment that you had that having losing trades then you will be needing up to distract yourself on becoming that impulsive or simply being emotional. If you do let yourself having no control towards your emotions then you will be that definitely that trying out to chase up a losing trade and made up another position because you are that trying out to break even. This is why its recommended that you should get up and distract yourself on doing up some activities on which it will be that disrupting you to do actions which caused by too much desperation. We do know that too much of this  can be considered out on doing gambling already.

Market trends and movement isnt something that could be predicted on which simply means that every decisions made will really be ending up on having that probability whether its a success or a failure. This is why at the time that you do experience losing positions on your trading then be considerate whether you should be pursuing on trying out to make positions or will really be that trying out to have some break and thinking up for another probability.

I really agree with your advice.

Generally, after a while of trading, you should stop trading and hang out, do something else. Because if you don't stop and hang out, you will make bad trading decisions.

Especially if you are in loss with trading, you have more reasons to stop it, and hang out. It is helpful break to help you cooling down your greediness and feeling of revenge the market, and reduce risk of making more bad trading decisions. Break time can be days or weeks, before you are actually calm down, and finished your past trading mistakes, and know how to improve your trading when you come back.

Go out and do things that will divert your attention. And when you’ve composed yourself again, take time to re assess the situation and find out where you had gone wrong in trading. Once you learn from your mistakes, you will be more motivated to widen your knowledge and experience in trading. Losses are sometimes unavoidable, but there are always ways on how to lessen or control your losses. Just don’t trade on the amount you aren’t comfortable of losing, otherwise you will always  feel desperate everytime you experience losses which will not boost your confidence in trading.

There is no perfect trading strategy in this market it simply just what works for you that you stick to. For me I think your strategy of going back to trade again after the loss is a very bad decision or should I say strategy. This your strategy is what many tag as revenge trading which is going back to trade for vengeance. This kind of trades just simply make you enter a trade without using your own analysis perfectly because you will want to get back what you lost most especially if the euphoria of winning all the time is there. This kind of trading simply just leads to one thing which is lost of more money.

What do you do when having a bad day trading is simply to just leave off trading and go and rest. For me the best thing is pick those losing trades and simply backtest them again to see where the loss comes from. This helps you to actually make proper decisions later after finding the problems. This rest makes you not to go for revenge trading to lose more money

I think the mistake lies in the fact that as your deposit increased, you started opening orders with a large volume, thereby increasing the risk of losing the deposit if the price moves in the opposite direction to your expectations.

Every trader is greedy. That’s why we keep trading to multiply our gains. However, losses are inevitable and it’s normal for us to lose at some point. What is not normal is that you tend to deny your losses, and just continue trading even if you know that this isn’t your lucky day in trading.

I have actually experienced several losses from trading. At first, it’s difficult to process but later on you’ll understand that losses are just normal, and you need to lose at some point to improve your trading skill and work more on your strategies. Acceptance is the key, and by consistently educating yourself on trading, you will come to improve and prevent yourself from too much losses the next time you decide to trade.

Is this your first time experiencing this?
 
All I can suggest is you develop a strategy for knowing when to stop especially when you’re having a bad trading day. That’s where most traders mess up because instead of sticking to a plan, they let their emotions take over, and at that point, they’re no longer trading strategically but just chasing losses.

There's nothing we can do about it but just learn to accept. Trading outcomes are still said to be uncertain, and you cannot expect to be making profits every time you trade simply because you are trading in such unpredictable market. The only way to prevent such frustration is just to trade on the amount you can afford to lose. At least if you lose, the amount will not hurt you at all.

Some days are like this. You begin to feel like the world is against you because thesame action you took the preview days and it resulted in profits is now turning against you. It is important that traders set goals for themselves,  I mean goals that are not influenced by greed. Once you achieve that target profit for that day or you incure a certain amount of loss, you close for that day. Chasing losses or trading further for more profits will be placing you at that position where you either lose or make some profit. Except you are prepared emotionally for what outcome you would get, then you should trade as much as you like.

There must be some regret... blaming yourself is like nothing.

It's better to set “limits” if you don't do this then trading will be chaotic where you will forget again when you are profitable.
So in the past, I lost a lot because I didn't have a target... so my desire at that time was to keep waiting and waiting for the price to rise again instead of diving... which at the end of the initial profit became a loss.

All trading decisions made on some days can go wrong, and it's all dependent on different factors. Some days can come with some kind of emotional difficulty or disturbance, and on such days, if one decides to trade the market, their decision-making may be affected due to the disturbance. It is only a small percentage of traders that are able to make proper decisions regardless of the emotional state they are in. If you are not one of those kinds of traders, avoid trading on days when you do not feel good.

Traders must have their own plans, right? already know when to open a position. Well ideally in the plan there is a percentage of targets that must be achieved, so when it has been met, it is better not to open another position even though it looks tempting. It does sound idealistic and fixated on a trading strategy, but the positive side is to avoid sudden new purchases and without a research scheme, it might make sense because there is a chance of profit, in front of the eyes but still when it loses, the profits that have been met at the beginning must be lost because of ambition. Crypto trading is volatile and must always be able to get out with the target.

do you try to trade and open a position for the same asset or switch to another asset when a loss comes to you? I also often do that, the profit from one trade is used to open another trade with a different asset. Whether consciously or not, when this is repeated, it seems that our ability to make analysis does not seem optimal. there is a tendency for self-confidence to generate profits.

in such a situation, if I want to trade again, I will reduce the money traded. as well as reduce the risk by using low leverage.

I always make a comparison of 3:1, that means 3 times profit on trading and 1 time loss, because you can't fully profit on trading, there are times when you will experience profit and there are times when you experience loss. But don't feel discouraged when you experience loss, make it a normal part of trading. But keep in mind that when you experience consecutive losses it means there is something in your trading, whether your analysis is wrong or something else, you should pay attention to it and correct it if there is something you feel is wrong. and as a suggestion you should pause your trading until you can really get back on track and fix your emotions, that way can increase your chances of improving your trading.

That must be hard. I just lost $750 today and although I can bare this loss but that's a hard one.
Next thing I am gonna do is set up limits. I will only take a maximum of 3 trades a day.
I will quit trading for the day if my profit target is met, even if it meets in the first trade or the 3rd or it doesn't.
Impulsive trading surely kicks our ass someday and it's better to avoid it strategically by limiting ourselves.

Im a Forex trader and i do set out trading plans before i do make actual trades on which in every day i do set out max win trades and losing trades and if ever i do hit up such threshold then i do call it a day and this is what im doing since i was able to learn up trading. We cant be able to deny that there are those times or moments that we do become that being greedy specially when we are profitable on which it will really be that resulting into overtrading on which we know that this is really that very bad or something that could be that pertains about chasing up loses or simply being that like of a gambler on which this is mostly the thing that do happen for most traders on where they do become gamblers than being a trader. When you do able to commit or have that 3 consecutive loses on a day then its best that you should quit up and call it a day rather than forcing yourself on making a winning trade. If you are that having such approach then expect that you do have that much more bigger problem at the moment or time that you've seen your trading capital is slowly depleting or having that huge negative. On the moment that you've seen such condition then this is where you do become that impulsive and possibly or likely be doing things on which it is out of your trading plan and this is really that indeed bad.

Trades tend to go against you when you over trade and chase trades instead of letting the trades come to you.

So you typically become more and more emotional and that's when more mistakes will made.

I would recommend stepping back for a while if this ever happens.

This is common in trading but it's up to us to decide whether the profit is enough or not... Yeah I don't think we need to talk about greed but about our strategy and discipline when we make a profit.

Sometimes I feel regret when I have made a profit in a few days also using high leverage... I sometimes can't rest because I always think about this trade, so the strategy where there is a profit is immediately taken.

Arhh losing $500-$1000 was experienced several times in the past but now avoiding high leverage.

I know its easier said than done but trading includes planning for what happens next.

For me its simple, minus psychology right? You pick a strategy you researched and tested. Now trading is to put the strategy to the real battle. ll entry and exit is made using limits. And you let everything play out.

What happens next is totally depending on how the months of trade looked like or weeks or days if you are intraday.

You already know what to do if profit is +A, or is loss is -A...

If you didn't do this, then you should. I guess you didn't since you're wondering what to do

Trading comes with its disadvantages and perks but one must always have a set risk to rewards ratio so as to know when to leave and exit the market. With that being, how I handle a losing day is by first accepting it is my mistake, reviewing and journal the trade then leave my screen so as to avoid revenge trading and read psychology books. Basically capital preservation should be considered because there are a lot of opportunities