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How to turn your losses into profit!

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  • How to turn your losses into profit!

    1 Learn to accept failure
    2 Manage your risk
    3 Track every play
    4 Find your edge
    5 Be patient
    6 Never stop learning

  • #2
    Thank you for posting.

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    • #3

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      • #4
        A very motivating plan for my future, I will not say that he did not hook me, but there is something in your words. I would say that these are general concepts to turn into profit, and these items can still be found in these terms)

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        • #5
          All this advcies are very very good on paper and that's it basically. But what about something like that when you will deal in real life with really big family failure or another problem. I think all that advices are just common sense, unfortunately not a lot of people reallly follow them.

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          • #6
            No one can't be successful without facing failure. no need to get bother when you fail to get your desire profit. For Forex trading, there are golden rules to cope failure and gain best profit as well as increase your capital. Just keep in mind, if you haven't lost then you can't learned. Just stop over-trading, always use best strategy which suitable for you, minimize use of technical indicator, should educate yourself for how to manage your money, Good Risk reward ratio, follow the trading principle and most important is be PATIENT.

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            • #7
              you know, I like to choose certain casinos. once there was a situation that the casino did not want me to return the money won. it was very unpleasant. then a friend advised me to play, they just told me how to choose a casino https://sistercasinos.com/hallmark-s...casino-review/, according to what criteria, and immediately gave recommendations from trusted sources. so here is on one of them I play already six months and all in order. it's a real story, I'm sure I'm not the only one. so if someone can help recommendation, I'll be happy

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              • #8
                Originally posted by olderthan
                In order to beat off losses and turn them into winnings - you need much more victories than you think. I know this because I practiced a lot on playing at the uk online casino pokies
                As a result, managed to win?

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                • #9
                  In order to come to an adequate interpretation and perception of losses, you need to work on yourself, constantly analyzing not only the market, but also yourself. Psychological stability and confidence of a trader largely determines the success in work. This is the most important aspect of trading, which many don't understand or take seriously. Hitting the market, which doesn't owe you anything or blaming yourself - these are factors that prevent you from adequately perceiving the situation. Psychologically, it will be easier for a trader to perceive small unprofitable deals if he knows that in the long run the net profit will be positive. Losses are a part of the process, but observing the rules of money management, one can trade absolutely calmly. But before coming to conscious trading, beginners often experience a number of stages of psychological hardening. Psychologists distinguish 4 stages, which a trader goes through, fighting with the market and himself.
                  1. Denial
                  2. Rationalization
                  3. Depression
                  4. Acceptance
                  The most advantageous option isn't stopping to move forward. The main thing to realize that it is possible to return the lost, and ahead of you will certainly be successful.
                  Dreams about a constant 100% profit are still just dreams, because even after a long series of successful days there comes a moment when the trader suffers losses. Some losses are terrifying, they try to get back and completely merge their deposit, while others train their coolness and successfully cope with losses.

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                  • #10
                    It's not just a trading strategy. There is also the psychology of trading and it can lead us away from success in the game. As far as I'm concerned, the most harmful thing to us is the desire to be right.
                    We almost always try to be right and make sure that every little effort we make produces results. This may be true for everything in life, but not for trading. Everybody had experience of trading when you see excellent conditions that fit perfectly into any of the rules of our analysis, but the market goes wrong after we enter the position.
                    Even worse, we almost always convince ourselves to stay in a losing trade as much as possible and pray for the price reversal. What happens next? Things get worse and we exit the deal forced when we can no longer sustain a loss. It happens over and over again if we don't understand the power of this problem. We must understand that the high share of winning trades (to be always right) doesn't make you a good trader.
                    Many people strive to get a high share of winning trades to be satisfied with their trading. They may have a 90% share of these trades, but their equity is still going down, while truly successful traders can have a good profit with a 30-40% share of winnings. Keep in mind that the purpose of trading is to make money, not to be right.

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