It's isn't easy to accept to a losing trade, mostly when it costs you a lot. A lot as in a vital part of your life or maybe cutting an edge of your finances or a 100% of it. But, don't worry - there's always a reason for everything. As a trader we win & loose that's the reality of Trading as a whole. Just we loose a big lump or a part, that's just the position size & your phychology on Trading how you choose.
Anyway, this post I've created is for a reason. I have seen many up's & down's in my life too. But, i never gave up on my Trading. I just want to ask a simple question, why did you loose that cost you so much??
If you can genuinely answer that, you never lost anything. That's in the sense :-
- Your trading strategy was on place - meant to say you knew why you traded??
- Your risk/reward appetite was set alright - Target & SL were at place??
- You acted as per your above plan - NO, there where most of us fail.
We book our profit soo early, before our Targets are set & we never question ourselves before carrying over to a losing trade. NEVER!!
We are accustomed to this phenomena. One must understand, Prices move in a random manner, it's upon the Buying & Selling Force that sets the price momentarily. No FUNDAMENTALS or LOGIC works in short term of price behaviour of Stock/Index. But one must have noticed, the analysis that you had done a month before had worked fantastic after a month when you had exited the Trade in a losing way. Mostly it happens with us. Why does this all happen only with us??
Think & Share your feedback till Next Post. I shall bring you all the reality of Trading in other post along with probable solutions. Happy Trading!! :)
Anyway, this post I've created is for a reason. I have seen many up's & down's in my life too. But, i never gave up on my Trading. I just want to ask a simple question, why did you loose that cost you so much??
If you can genuinely answer that, you never lost anything. That's in the sense :-
- Your trading strategy was on place - meant to say you knew why you traded??
- Your risk/reward appetite was set alright - Target & SL were at place??
- You acted as per your above plan - NO, there where most of us fail.
We book our profit soo early, before our Targets are set & we never question ourselves before carrying over to a losing trade. NEVER!!
We are accustomed to this phenomena. One must understand, Prices move in a random manner, it's upon the Buying & Selling Force that sets the price momentarily. No FUNDAMENTALS or LOGIC works in short term of price behaviour of Stock/Index. But one must have noticed, the analysis that you had done a month before had worked fantastic after a month when you had exited the Trade in a losing way. Mostly it happens with us. Why does this all happen only with us??
Think & Share your feedback till Next Post. I shall bring you all the reality of Trading in other post along with probable solutions. Happy Trading!! :)
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