Thread: Only losses

Originally Posted by ;

Aren't you done with all the wannabe traders submitting winners and winners ? Feel free to post only losing traders. Posting losing trades can enable you to understading why it went wrong and how to stop it next time

Hi ,
Nice thread idea. Losers surely hurt than winners bring pleasure therefore there waiting is a learning experience there.

After several decades of trading, I now think less about winning or losing transactions, more about good trades and bad trades. Trades that are bad can and do shed; and trades can and do win. All I need to do is put on only good transactions, i.e. trades which are fully in accore with my method. As long as I manage this, I really don't worry much about a single trade being a winner or a loser, it's only a probabilistic outcome that, if my egy has validity (and I trade in suitably small size), will result in a favorable long term net result - as long as I adhere to placing the good trades only.

YTD, I triumph about 56 percent of the time and lose the other 44%. With 684 trades put I reached a nice round 300 losers for the year. It might have a long time to place them all but I do not believe many of these to be wrong and I am not looking to stop them. They are inevitable, originating from the probabilistic nature of trading. Sure, I attempt to find out from them when I can see a consistent flaw developing and adjust my method, but I just try to take them and move on. They do still appear to hurt quite a bit!

Originally Posted by ;

picture dropped $600. Wanted to attempt and determine if I can ch opener breakout. turns out to be zig zagging bullshit. You look at a chart, you see a pattern and away you think okay it's gonna work out. You trade it, the afternoon, it falls ps apart. Why is this thread Threads like still no egy. . I am giving up on trading and life becomes so many answers... post your damn losses!

It takes balls to admit losses, it's bettors plogy; to boast about winners, not losses.

Originally Posted by ;

quote Hi , Nice thread idea. Losers certainly hurt more than winners bring pleasure so a highly effective learning experience is waiting there. After many years of trading, I now think less about losing or winning transactions, more about great trades and poor trades. Good trades can and do shed; and poor transactions can and do win. All I need to do is put on just good transactions, i.e. trades which are fully in accore with my method. As long as I handle that, I do not worry that much about an individual trade being a winner or a loser, it is only a probabilistic...

Lets see your 300th lose afterward, this thread is for losers!

UJ: went short at the close of the bear candle...I normally put stop orders beneath the signal pub, in this instance I didn't, when I did my entrance wouldn't have been triggered..., I got the direction but my timing was wrong and didn't follow my plan.... My SL was above the former candle and that I got stooped out....Luckily that I reentered under the bear pub 3 bars following....but that is another story....

Originally Posted by ;

quote Lets see your 300th lose afterward, this thread is for losers!

Hello COGSx86,
Fair enough, here it is: 12 December USD/JPY about 9.30am UK time.

Presumed false fracture of a consolidation box which reversed sharply after initially starting promising. Cut when it turned out of top of box since justifiion for transaction. A small, manageable and acceptable loss, merely one of those things....

Originally Posted by ;

picture

Oh how many times have we all been there. . Ha ha enjoy it. .

My worst habit...
I get excited with a winning trade and close early. .
So that I can hold a -10k trade happily but when a trade is 500 in profit I cannot close it quick enough.
I have an 82% gain rate but that figure means diddly squat if your typical loss far surpasses your average winning trade.

The most peculiar thing is it normally strikes my TP but I have shut it manually.
Any suggested egies to fix this?

Originally Posted by ;

My worst habit... I get excited by a winning trade and shut early. . So I will hold a -10k commerce but when a trade is 500 in profit it can not be closed by me quick enough. I've got an 82% win rate but that figure means diddly squat if your loss far exceeds your average trade. I have closed it although the worst thing is it hits on my TP. Any egies to fix this?

Get a commerce manager EA.

Originally Posted by ;

My worst habit... I get excited by a winning trade and close early. . I can hold a -10k commerce happily but when a trade is 500 in profit I can't close it fast enough. I've got an 82% gain rate but that figure means diddly squat if your typical loss far exceeds your average winning trade. The worst thing is that it normally hits my TP but I have already shut it manually. Any suggested egies to fix this?

Hi whickdiddy,
What you describe is exactly what pretty much all of us go through, it is merely a manifestation of being human. We're all hardwired to want to be perfect for an assortment of plogical, ego and societal explanations. In the end, in a normal job if you are wrong a lot of times you are soon history! But trading isn't a normal job whatsoever and our normal human frailties come to haunt us ; I really do believe this is actually the principal reason why many people find trading really hard and why so few succeed over the long haul.

Taking little profits and letting losers run is, if you consider it, a classic manifestation of wanting to be right: take the profit although it is there, and provide the failure time to recuperate and prove us 'right' all together.

The alternative? I am afraid it is basically an issue of learning how to toughen up, emotionally speaking. Only sit there and let transactions pan out. Have clearly defined exit tactics for both when the trade wins, and if it falls; and adhere to them. It won't be comfortable at the beginning and you can wager 100 percent the first few trades would all have panned out better if you'd managed them as before. But stay with it, don't expect a brilliant net outcome but do hope to learn and get better.

Run winners, cut losers. That's the mantra you have to knock into your self, one way or another. If you're able to do that with an 82% success rate you can run my cash!