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Are You Disappointed in Trading?

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Jan 27, 2016 10:21 am
#1
analyst75 User

Posts: 128
Member since: 22/11/2014

“One of the keys to a trader’s success was not the results of a trade but rather how a trader reacted to the results of a trade.”  – Dan Gamza

 

 

Why me? Why did this happen to me? Those are some of the questions that disturb losing traders. After a series of losses, some of them develop hatred for trading. Suffering that results from negative trades, drawdowns and margin calls can make people easily disappointed in trading.

 

Nonetheless, no matter how bad your trading is, it could’ve been worse. No matter how bad things are, there are still some reasons to be thankful, if you can think deep.

 

There are events that move the markets and which professionals focus on. These events often are filled with uncertainties, bringing profits and losses to people. Just some months ago, Greece was a hot topic, and speculators were mulling opening positions on the seemingly overextended markets, but some had serious misgivings. At times, the stakes may be higher than the rewards.

 

There Is Really Nothing Like Losses

There is really nothing like losses, for what brings losses to some people is what brings profits to others. The market moves up or down – not losing up or down. When you buy EURUSD and it goes up, you win (but a seller will lose). When you sell AUDJPY and it goes up, you lose (but a buyer will win). When you enter a direction in the market and it moves seriously in your favor, all those who go in that direction will make money, provided there are no wide differences in their entry prices.

 

What you call losses is what brings profits to some people. What you call profits is what brings losses to some people.

 

People Don’t Learn Their Lessons

Despite well-meaning efforts to solve the problem of loss, there are millions of traders around the world who’re still losing because of dangerous trading habits. People don’t learn their lessons.

 

During a funeral process, many attendees will be remorseful, thinking about the brevity of life and futility of wickedness, anxiety, love of money and so on. But once the funeral is done, you’ll see many of those attendees living their lives as if they’d not die again.

 

Too many traders lost in the past because they didn’t use stop loss on live and simulated accounts. When they come back to trading, you’ll see them using the same trading approaches that led to their downfall the last time, namely, high lot sizes and no stop loss. People don’t learn their lessons.

 

Traders who test new trading ideas on demos don’t use stops; and I wonder how that idea can survive on live accounts in the long haul, because they may apply it to a demo account once they’ve been lucky enough to gather some gains. 

 

A Way Out?

After many years of grappling with the markets, traders who complained in the past may later show their gratitude; and for the fact that the markets cannot be blamed for what happen to them (though we may feel disappointed sometimes). There are days when they become sad, and they complain when they think of their seeming helplessness. Nonetheless, they’d have come to understand that the markets don’t set out to punish individuals.

 

Interacting with good traders as well as reading about super successful ones would’ve made them stronger psychologically and kept their spirits up.

 

Reflecting on a possibility of a risk-free trading approach reassures those who’re currently losing. Good trading coaches care about them, knowing full well that the end of their struggles is in sight. Focusing on such hope can give a trader the fortitude to endure certain negativity now.

 

Conclusion: Are you disappointed in trading? Well those who currently make loads of money from trading were once disappointed at some time in their careers. Those whose marriage is now successful were at one time, frustrated by their spouse. But these people, for example, profitable traders (as well as happily married persons), looked for solutions to their problems and apply those solutions faithfully. That doesn’t mean they’re luckier or better than others: that means they’re able to overcome the causes of frustrations and disappointment in their careers.

 

This article is ended with the quote below: 

 

“Markets are people. So beating them asks for insight in what they are doing. And, perhaps more importantly, how they feel, because that will direct their future actions and, in the end, what markets will do.”– Dirk Vandycke

 

 

 

Source: www.tallinex.com

Feb 02, 2016 05:10 pm

Posts: 227
Member since: 05/06/2015

I used to get disappointed, but I learned to accept this as part of things. Now I am always happy because I have no expectations and this has made my performance grow as well, I believe working without expectation is probably the best thing and makes trading so much easy to do, but of course remember to set line between no expectation and been careless. I don’t expect much from myself as I go with flow but with my broker OctaFX, I expect a lot and fortunately they deliver everything!

Feb 04, 2016 01:09 am
fxjennifer User

Posts: 17
Member since: 21/01/2016

Forex trading is not easy if you don't know how to read the trends or have a very good strategy. I'm grateful that I have been able to get the best strategy and have taught so many individuals who have benefited from the trades. Teaching others to be successful is my joy. I would like to thank you all for the appreciation and I'm glad that I can be helpful to a lot of traders.

 

Contact me at info@pipscutter or Skype : fxjennifer

Jul 17, 2017 08:52 pm

Posts: 62
Member since: 17/11/2015

You don’t change things by being disappointed, it’s changed by being sensible and willing to correct the errors. I always feel upset with loses and all that, but at the end of the day, I am prepared to fight and make comeback through hard work and dedication. So far, I have managed it rather successful through support of OctaFX broker with their mouth-watering features from low spreads to zero balance protection, rebate scheme where I get 50% back on all trades plus much more, so that’s how I can tackle ANY situation with grace.

Oct 28, 2017 07:33 pm

Posts: 216
Member since: 13/09/2016

I have faced disappointments in my career so far. That’s mostly to do with brokers troubling/scamming me. One major heart break was with Instaforex, as their anti-fraud department was horrible and really made me feel sad. But, I have overcome those huddles and now, I am better with how I operate.

Jan 10, 2018 04:05 pm

Posts: 939
Member since: 21/04/2011

Originally posted by HameedAzhar

I have faced disappointments in my career so far. That’s mostly to do with brokers troubling/scamming me. One major heart break was with Instaforex, as their anti-fraud department was horrible and really made me feel sad. But, I have overcome those huddles and now, I am better with how I operate.

 



 

Do you mean instaforex scammed you?

Stick to your rules

Jan 18, 2020 09:48 pm

Posts: 227
Member since: 05/06/2015

Yeah have done that with many. First they offer bonuses and when you make profits, it disappears. Once I was trading with them, I was using 30% bonus and inbetween they took it away leaving me facing margin call.

Apr 06, 2020 03:08 am
Asher User

Posts: 275
Member since: 31/03/2020

After some tradings i face some loss and i was disappointed from Forex and trading but i do not loose hope and then start learning again and now i am making  a bit profit and start belive in Forex trading and love it.

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