General DEALING WITH TRADING LOSSES

[selected]

1. ANALYZE: What was the cause of the losses? Be be honest with yourself.
a. Was it you?-Poor risk management
-Lack of discipline
-Not following trading plan/rules
b. Strategy; does it need tweaking?

2. PLAN : Make a plan, test it, tweak it and trade it!
"It takes as much energy to WISH as it does to PLAN"
"If you fail to plan, you plan to fail"

3. ACTION: Trade your strategy and keep learning, you will always be a student of the markets.
"The distance between your DREAMS & REALITY is called ACTION"

 

[troiz-trader]

Nice.....I always be a student of the markets. You're right, man.

 

[FOREXTV]

MOST IMPORTANT THING IS TO STICK TO THE PROCESS. HAVE A SIMPLE APPROACH AND BE PATIENT!

 

[MegaTrend]

Majority of traders dont have the required mindset and training it requires to become successful trader

 

[binjaleel]

1. ANALYZE: What was the cause of the losses? Be be honest with yourself.
a. Was it you?-Poor risk management
-Lack of discipline
-Not following trading plan/rules
b. Strategy; does it need tweaking?

2. PLAN : Make a plan, test it, tweak it and trade it!
"It takes as much energy to WISH as it does to PLAN"
"If you fail to plan, you plan to fail"

3. ACTION: Trade your strategy and keep learning, you will always be a student of the markets.
"The distance between your DREAMS & REALITY is called ACTION"

For me to avoid REVENGE trading, I stop trading for the day if I have more than 2 losing trades for that day.