Some really good advice here
I prefer taking a day off and spend some time reviewing my plan and strategies and see as to what is going wrong and try to overcome it.
That’s a nice strategy. It’s actually good to sit back, take a moment to review your mistakes and then come back with a solid trading plan.
I too did this many times I have to change the way of trading. When I was a beginners I was much depressed when not find the results that I want. But now I can do many other steps specially I focus on analysis, do more deep market analysis and see news that effect market . I can now plan best for future. i must say this is all your experience that ell what should be your next step.
go back to the books and study some more!
Keep practising. Don’t let it get to you. You can lose money very fast in this market.
Yeah… and maybe practice until perfection.
First comes the disappointment… Then I take a normal break to calm down a little. And then the good excitement comes on, which makes me look for a way out of this situation.
Yeah. I think it’s a good idea to take some sort of breather every now and then, just to make sure you stay rational and cool-headed while trading.
Thanks for that!
There’s nothing wrong with that. Just doing a situation analysis and continuing trading. If I see that I cannot control the situation, then I pause to continue working at a more favorable time…
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We have all encountered feelings of frustration at times. Just don’t give up! Have patience and keep on trying! The more you know the happier you will feel. Since we all have been through learning about Forex, there is always something new to discover. Read as much as you can. Check out professional trading books and articles. These folks have been through the wringer and have come out ahead. It comes with time and experience.
There are so many choices you can make that you will never be at a loss for new ideas. Good luck and put on a happy face!
Still getting advice? Awesome. I think it’s always a good idea to be reading and learning, but especially so if your trading isn’t going how you hope it to. Learning something new! Grab a book!
That pause is really necessary in trading. But not all understand its importance sadly.
Pause. Breath. Meditate. Relax.
Real confidence comes from proper trading habits. The longer you trade with patience and discipline, the more it will pay off. If you consistently trade day by day, strictly following your trading plan, you will soon develop positive trading habits, which one day will evolve into sound trading confidence. Practice is the key to successful trading
Agree! Practicing really helps a lot, especially when you’re at that phase in your trading life where you’re still trying to figure things out.
Always nice to see another lady trader here, @veronica23andrews!
Excited for you!
I usually find the way to keep trying by working on demo account and figuring out on what went wrong and what can be fixed.
Yeah. Reflecting and retracing your moves really help a lot in trying to spot a better trade.
If you keep a trading journal then go back to it and look at the strategies that have worked for you across time. It provides a good historical perspective.
Yeah. That’s a good one.