Post
Topic
Board Trading Discussion
Re: Losing in trading needs questioning
by
lixer
on 04/08/2021, 15:16:16 UTC
as a trader, losing one or two trades is part of the game but sometimes losing everything that had been accumulated for weeks, months is very painful and there is need to know whether it's due to ignorance or insufficient trading skill. Acquiring sufficient trading skill is very important in trading which can also help to get good results.

I usually ask myself questions whenever I have consecutive loses in trading, trying to know where I'm getting it wrong. This had helped me many times to get more trading knowledge that had improved my entire trading.
It’s not really bad when you lose a trade, but it becomes bad when you’re losing frequently. Normally, loss is part of the game, but when you’re losing frequently, that’s when it becomes a problem and you need to find a way to fix it asap so that you don’t end up losing everything you have. Whenever you lose money in trade, by the end of the day before you end your trading, you should be able to make some profits and cover up for the losses you have made and also make more profit ,and that’s when it becomes a successful trade.

In a case where you lose everything, then there is a problem, because you have to apply strategy that will make you not to lose all. That’s why you have stop loss tool to help you not to lose too much.