Feeling guilty on missing a trade

Thanks for the reply. I know it might sound silly… but I can’t stop myself. I know what I am supposed to do but when this starts I just can’t stop. The itchy fingers a re really strong with me.

Keep your itchy ones at some other place. May be in pockets…:33:
Well dude this is the problem which all forex traders face, no matter big or small. And successful ones are those who can come over this problem. I have had itchy fingers once. but now I don’t. Learn to control emotions if you want success in forex. Reading Dr. Pipslow’s Pipsychology blog here on babypips will help you a lot. Try.

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Never feel guilty for missing a trader just learn from that guilt and try to overcome the conscious. It is very good for the traders to learn from their mistakes and use it for future advantages such that they can make good money and survive in the forex trading business.

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You are not alone. I missed one this week as well. It hurts almost even more than a loss trade.

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Well we should realize the fact that what matters more is the net result and if we are at winning edge then be happy about the trades taken rather than worry for the spilled milk. :slight_smile:

In our trading we have to think of times when we have had some really good income and also we need to think and analyze how much profits we are getting now on a daily basis.

I never feel guilty when I miss a trade, to be honest. The market doesn’t stop, except for the weekends, of course. There will be always new opportunities to trade.

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I’m no aficionado of them, but I think you might possibly find the books by Dr. Brett Steenbarger helpful.

I suspect, though, that [I]in the long run[/I] a much better and more appropriate answer to the problem you have might be for you to develop, instead, a method with a higher win-rate (even if its notional flat-stakes profit factor is a bit lower), and [U]circumvent[/U] that problem rather than trying to “solve” it.

Never feel guilty over a missed trade. Well I am just new and in my limited experience, I would rather miss a trade than have a losing one. The feeling of being guilty over missing a trade is temporary, it goes away when you have a current profitable trade. In missing a trade though don’t force a trade. I believe that our goal here is to win because money is the byproduct… In winning it requires discipline and patience. Things that I am also trying to develop. We are our own worst enemy…

"If you know the enemy and know yourself, you need not fear the result of a hundred battles. If you know yourself but not the enemy, for every victory gained you will also suffer a defeat. If you know neither the enemy nor yourself, you will succumb in every battle.” - Sun Tzu - Art of War.

My sincere advise to all my fellow traders is to never feel sorry or guilty for missing a trade because there are many more trades to take up. And do not trade with your money as if that was the last day to trade and make money, only then trading for many days is possible.

Actually, you should feel remorse if it means that you didn’t follow your strategy. Discipline is key! When you make it acceptable for you that you skip trades because you thought it would be a losing one, you are killing your system.

Get into the trade when your system tells you so, especially when you think is will be a losing one.

Just don’t get depressed when you MISS one, but be worried when you didn’t enter one that you should have.

http://forums.babypips.com/forextown/79689-great-trading-book-free-internet-real-gem.html

Take a look here if you are looking for a book to cool down.

There are times when our trading strategy may not work the way we want it to be. What is the reason and why we are actually getting the losses is also what we may have to think about …

I see no reason to feel guilty about missing a trade, to be honest. I can’t go back and change that, so it’s better to just analyze what I did wrong and I hope I would do better next time. Guilt, natural as it is, would just cloud my judgement.

Your statement is absolutely perfect and if each and every trader follows this then certainly they can stop putting themselves down and think of moving up in their trading life.

We have to learn doing our trades the right way and that will certainly add up to the profits we are making from our trading business :slight_smile:

I haven’t met such a book but I can advice you to draw your attention to something else after such trades. Something else, maybe reading or watching tv, and some time after, when you calm down, get back to trading? I do it sometimes and it works.

A trader should feel guilty only if he went against MM and TS and the deal turned out lossing. Anything else isn’t the trader’s fault.

Basically you should not feel guilty for a missed trade,just a little will help you learn the pattern so you don’t miss it next time you see it again. You should feel guilty if you didn’t followed your rules, because you jumped out the displine train and let your emotions take over.

It really works and works for me as well , taking time off the screens to do something productive and time consuming ,you get calm and sort of happy with the results of the work you’ve done .