Download MetaTrader 5

What do you do if you lose a trade?

To add comments, please log in or register
Arda Kaya
1204
Arda Kaya 2016.04.11 21:45 
I want to know from you traders what you do once you lose a trade? Do you get mad? disappointed? please share your ideas and thoughts here. 
Damian Mateusz Dziadosz
5942
Damian Mateusz Dziadosz 2016.04.11 23:23  

Nah a joke :) you have to deal with losing trades the worst you can do is get mad or frustrated.

Rinor Memeti
2698
Rinor Memeti 2016.04.12 08:03  
Beer!
Francis Dogbe
9502
Francis Dogbe 2016.04.13 06:36  
i sleep for a while.. :D
Alexandr Saprykin
6856
Alexandr Saprykin 2016.04.17 19:30  
Arda Kaya :
I want to know from you traders what you do once you lose a trade? Do you get mad? disappointed? please share your ideas and thoughts here. 
So it's time to have a good rest :)
Attila Moricz
798
Attila Moricz 2016.05.22 15:40  
swear
Mohammad Soubra
26754
Mohammad Soubra 2016.05.22 19:42  
Arda Kaya:
I want to know from you traders what you do once you lose a trade? Do you get mad? disappointed? please share your ideas and thoughts here. 
I am usually returning to the chart history and study the reasons with updates in the next trades to avoid the same reson on the same pair and same TF... etc
Ovidiu Caslariu
7845
Ovidiu Caslariu 2016.05.22 20:04  
I try to bounce back fast and than I regret it :)
Lorentzos Roussos
9949
Lorentzos Roussos 2016.05.22 21:45  
Ovidiu Caslariu:
I try to bounce back fast and than I regret it :)
+1 .
Then i log in the "fun" account (1:2000 lev) and let it out, and then i refund the fun account.
Sherif Hasan
7292
Sherif Hasan 2016.05.22 23:46  
Definetly i will see the chart and find to add the certain filter for my strategy to avoid the loss. but i will do this in weekend.
Doerk Hilger
1181
Doerk Hilger 2016.05.23 00:32  

Nothing. I dont care at all. And the reason is simple:

I have a strategy that works. And any working strategy has one specific statistical value: The profit factor. This value consists of risk/reward ratio and the success-rate. All losing trades are part of this statistics.

The biggest fault one can do is trying to avoid losers, either the strategy works or it does not. The try to avoid a loser can also mean you avoid an important winner. Any change to a working strategy is a potential strategy killer, and avoiding trades is already a very big change. Therefore its necessary to take all the trades which belong to the strategy and not to miss one of them. Trade like a robot and dont become a victim of your own psyche.

And if you are not sure about the profit factor of your strategy, dont trade it. Do backtests upfront, trade in the history and figure out if it works over a longer period or if it does not. Here you can modify as much as you want, but never modify a - working - strategy live. 

123
To add comments, please log in or register