What do you do when you loss?

[johnstarks]

Well i loss much in my life.But i learn something from that loss. You want to make a change by making some money.But after lossing their is also a change in your life, You start thinking before spending your money...

[Jezzode]

What do I do when I lose...I usually go onto Google maps, and search for the closest bridge. I find the actual 'as if your walking down the street view' works best as you can see what your up against and you also know what your looking for once you embark on your journey.

When I arrive I wait till night, and jump.

We all have different ways of dealing with stress, you could always call the Good Samaritan for advice.

[micmic]

Usually after a loss I kill and eat a baby, it helps a lot.

[Haley12]

After loss, I take break from trading for some days, try to find out the reasons behind it and then again start trading. Even it is not easy to control emotion after loss.

[TheLastBear]

I keep trading. A profit or loss should not alter your mood. Trading is emotionless and unless you can master that you are doomed to fail anyway. Before you enter a trade you need to set your own parameters for when you are willing to exit a losing position and when you are willing to close for a profit. You need to to that before you place your trades and then stick with it.

[JacquesJoubert]

“Don’t run when you lose, don’t wine when it hurts. Its like first grade, no one likes a cry baby” Gekko
Moral of the story: get up and keep trading!

[MeiHua]

Take a the next trade.

[jperl]

I keep trading. A profit or loss should not alter your mood. Trading is emotionless and unless you can master that you are doomed to fail anyway. Before you enter a trade you need to set your own parameters for when you are willing to exit a losing position and when you are willing to close for a profit. You need to to that before you place your trades and then stick with it.

I agree with this. And I might add that I analyze the bad trade... what did I do that I shouldn't have done, what did I overlook? If it was something I didn't know, then how can I further educate myself? And I admit, that when I lose, I often find myself reluctant to trade for awhile - the old fear factor setting in. I also reinforce trading "rules" like know your stop loss before you enter. And, knowing the stop loss, STICK TO IT! My last losing trade I saw the market move against me. I was so sure I was right, that a turn-around was inevitable, that I doubled the amount in the trade. That just doubled my loss! ... stupid, but good experience.

[DreadTrade]

When I lose I shrug and move on to the next trade.
If I lose a lot I start to question my system and review my trades.
It's because I'm not whiny and immature. I'm a trader, I signed up for this.

If you whine about losing 2% of your account you're too weak minded to succeed in trading.
If you risk more than 2% of your account you're probably never going to make it anyway.

[TheLastBear]

Good point DreadTrade. Very good point!

I agree jperl, as long as you learn from your mistakes you are on the right track.