I Completely understand the message you are passing. Thanks for sharing from your experience. It will really help me work more while understanding myself when trading mentally and emotionally.
Mark Douglas(trading in zone ect) constantly emphasises about accepting been wrong, i think it took me a while to grasp the concept of this, regarding trading.An example of this was when i held a trade too long because i thought it would reverse due to certain brexit news .Mark also highlights the randomness of the markets and states “anything is possible” which is a good philosophy i feel.
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What you experience had just make me remember this Brexit news/prime minister resigning on gbpusd last year(may, 2019) .
I traded on buy when it was 1.29 and take profit at 1.31 without setting my stop loss when I execute my trade while the gbpusd market keep dropping down till it hit 1.21 and whip my account on August, risking my account without a stop loss for over a month and thinking it will reverse but I end up losing my money.
I was devastated telling myself I should have accept the loss when I still have the chance to close with loss.
They were so many wrong discussion I made leaving that trade due to my ignorance.
yes i think whilst been aware of news and TA ect you have to realise the complexities of the market short term.The platform i use constantly sends tweets from twitter most of it bullshit , written incorrectly deliberately or very vague statements.maybe there no rhyme and reason to trading news reports, i look at forex factory everyday ect. What ive found occurs often is a countries currency will have numerous good news reports but it movements may not correspond with the negatives or positives and go in the opposite direction or just range. I see strong news reports as information for the next few days or maybe weeks instead of the day.
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Honestly I feel very disappointed and sometimes I even think of quitting. However, once I start coming out of it, I accept the fact that its okay to make a loss. Each loss teaches us something and that is really helping me do better.
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getthe #!$ out…are you fr? Frfr?
Obviously its disheartening. Makes you feel hopeless and sad, but then you think of the good days and that helps me stay in the same.
Obviously true.
That’s great. Don’t leave the hope.Remember you are much more than that. Keep learning from your mistakes.
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Psychology and risk management are two important parts of trading. Discipline cannot be maintained without that part. Profits cannot be made without psychology. And if you can’t maintain the risk, it is not possible to sustain the investment.
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It is disheartening but we must keep our emotion in control and learn from the mistake we have done.
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The psychology of risk is the examination and comprehension of the psychological cycles basic our reactions to hazardous circumstances, the acknowledgment of a risk effect, and the improvement of systems that can assist people with making good decisions notwithstanding hazard.
Totally. We have to move on with a positive mindset if you want to be profitable at the end of the day.
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Yeah, I agree only the positive attitude can help us to move forward, rather than sulking on the mistakes.
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Fucked up! Learning to take it better every time though.
I treat losses as an opportunity to learn and improve my trading. Coming back from a large loss is challenging, but success is never accomplished by denying, withdrawing from, or ignoring trading losses. Losses — especially substantial ones — can be opportunities to become a more skillful trader. Don’t you agree?
I agree with you, losses happen to let us know that we need improvement in our trading. It is necessary to learn from the mistakes rather than giving up.
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Didn’t feel too bad, cause I thought I will make it back but to be sincere the fear made me lose all the money in my trading account then 
These days I don’t feel much of anything–good or bad–no matter which way a trade goes or how far for or against, but this is the outcome of a brutal and costly 20+ year learning curve.
For the first 10-15 years losses triggered pretty much every negative emotion I’ve ever read about (panic, despair, rage, frustration, depression, fear, self-loathing to name some) along with every idiotic behaviour (most stupid probably revenge trading)–over and over for months at a time losing money hand over fist while battling to get out of the rut of the moment only to stumble blindly into the next rut.
As a footnote, my problem was overcoming a personality completely unsuited to trading and hence I identify with traders fighting a similar battle. Ironically the personality trait that on the one hand caused me the most grief – pig-headed stubbornness – was probably what forced me to endure until by slow degree I arrived at a measure of consistent profitability.
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Obviously anyone can feel bad when they have a large loss. It takes a lot of effort, time, and patience with the right strategy to make profit in Forex.