How do you cope mentally with ups and downs - Page 3
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  1. #21
    Join Date
    Nov 2011
    Quote Originally Posted by forexcrisp View Post
    I have to understand the reality of forex. Hers ups and downs are daily routine. We do trading for profit taking but it is not necessary all out trading will be profitable. We nave to accept loss too . If every one is winner then how market will run. At the same time some one is profit and other one is in loss. It is app about market ups and downs where we not cope well.
    You are right every one should think like that , Market not give you profit all the time. You have to loose if you do mistakes or do not follow marker. After loss I will try to do next trading with much care where my loss will be less if I am not in profit. I have to minimize my loss to improve my trading.

  2. #22
    scmonds Guest
    Quote Originally Posted by BellamyFX View Post
    Say you short a pair and it goes in your favour 100 pips. You're thinking is now a good time to close the trade? You deicide to hold it and it shoots up 150 pips and now you're -50 pips. You're still holding it because it hasn't hit your stop yet and goes in your favour 70 pips.

    Then it loses some, gains some, loses some and just never seems to stay on a current path. I expect up and down movement of course but mentally it messes with your mind. It's pretty depressing when you're 100pips up and then 24 or 48 hours later it's sitting at -50 or something.
    you are thinking and emotionally reacting like a employee of a company. you go to work and have a task to complete. the company has all the safe guards and procedures in place to ensure you successfully complete your task, and should you not succeed or need help the company provides it.

    As a trader you have to create those procedures " trading style/system" and safe guards "money management". And after it has been tested with time and you believe it to be successful. then you will find it emotionally easier

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