I just had a losing trade and while I’m not trying to be emotional about it, I am wondering what you all say to yourselves when you’ve had a losing trade. My loss isn’t bad, I’ve certainly lost way more in the past lol but it just made me think about how everyone else handles it.
I have a chef friend who said that whenever they’re extra stressed at work, they have to remind themselves that at the end of the day it’s just food they’re making. Could the same thing be said about trading? If you’re not trading with your life savings and you’re not super levered or a hedge fund manager, I’m thinking yes!
It’s not easy to face with the lost one, especial the big lost. But if you’re a trader, you have to get acquainted with it.
In my trading journal, I have recently recognised that the lost trade is a part of trading apparently. Just try to reduce the lost as much as possible. No lunch for free so let consider lost trade as tuition for your trading life, but always remember, just pay the cheap one, not expensive one.
Surely you understand that you will win or lose every trade you make because you have no control over what the market throws at you.
Apart from learning to be detached from what’s happening and accepting, but ignoring the emotional responses you have a route out of pain and fear.
Either enter a trade with T/P & S/L in place, turn off the computer and let it run to its conclusion. which is my way of avoiding an emotional response. If it loses, remember that your strategy is profitable, and look at the chart and see what went wrong. You can learn a lot by losing trades.
Or manage it by ALWAYS closing losing trades early, cry a little, then thank the market for proving you were wrong, while nursing winning trades instead - one way is to aim to reach breakeven, move the S/L to break even plus one pip, scalp off 30%-50% and let the balance run until it hits your intended profit zone.
Understanding risk management and using a strategy that has a long-term profitable edge would definitely help anyone to take losses as being part of the game, without getting emotionally involved. You need to be aware of the opportunities the system you use offers, as well as the risks you expose yourself to day by day.
I know that some trades will be losers because I know my strategy does not have a 100% performance. And surely nobody’s strategy is 100%.
So as soon as we start to use a strategy, we have guaranteed there will be losing trades. Actually, in a sense, I have planned those losing trades to occur and what they will look like and how big they will be in just the same ay that I planned the winning trades as soon as I selected this strategy.
But all strategies are like that, there is no escape.
I used to cry about my losses, especially during my first few weeks of live trading. But, surprisingly, recently, whenever I end up with a losing trade, my mind is already considering the possibility of opening a new trade that’s riding the trend that just made me lose. Apart from reviewing what possibly went wrong, I don’t think too much about my losses anymore. After all, I also only trade what I’m okay to lose!
I totally understand and yes winning and losing are Inevitable best advice I can give is if you have a losing day just tell yourself “Welp I guess I was wrong let’s stop,focus, and try again tomorrow. Because from my experience when u have a winning hot streak you can also create a losing streak as-well if your not thinking logically.
I continued to use this rule even after I finished learning I also try to keep leverage small to pay less swaps. Conservative style of trading is less exhausting so you make less trading mistakes under the sway of emotions.
This is how it is. And as traders, we have to accept it somehow. I do my best to reduce the risk. Also, take time off, if needed after a bad trade. No strategies are perfect. So, test them beforehand and give your best.
Just accepting what just happened. Acceptance is everything IMO. It may become really difficult to go through the losses if a trader is not able to psychologically accept. Staying calm is one skill that has helped me along the way.
The main thing that a trader should pay attention to is his own level of knowledge. It should be understood that with a lack of experience, it is extremely difficult to get a positive result.
Always remember in FX Risk management is KEY.
Whoever said Risk only 1-5% per active trade of your capital credits to him. Trading involves Profits and losses so your minds should be anchored to this principle and when you lose say 1% per trade won’t hurt u much,and you must know that’s there’s another opportunity to trade.
no pain no gain , the loss is the way to be a good trader , all mistakes and loses you will be your way to better knowledge which you will use it to step up
Dont be afraid , you are not the only one who lose and not the last one
But, surprisingly, recently, whenever I end up with a losing trade, my mind is already considering the possibility of opening a new trade that’s riding the trend that just made me lose. 
After all, I also only trade what I’m okay to lose!