Overcoming your emotions how? I hate loosing, at anything, and even more so MONEY…
I find my self knowing I should cut my losses and I do, but I get upset at even a -5 or -10 pip loss, how to over come…
Overcoming your emotions how? I hate loosing, at anything, and even more so MONEY…
I find my self knowing I should cut my losses and I do, but I get upset at even a -5 or -10 pip loss, how to over come…
If you want to be a trader, you had better accept that losses (or as i call them expenses) are part of the business.
The fact your already resisting by telling yourself you hate to take a loss means your always going to fighting an internal game in your head.
No trader has 100% winning trades if they tell you that, they are telling you lies.
N
Trust yourself and, as a corollary, your judgment. Always maintain stop losses at levels you are willing to risk. Turn off your monitor, or just close your forex application for a bit. Go play a game, read a book, whatever and then come back in an hour to check up on the trade.