r/Forex • u/xtam_ • 3d ago

Questions How to cope with trading loss

Im new to these stuff and everytime i have a losing trade i just feel disappointed, hopeless, trying to make it back but ended up losing more because im panicking.

13 Upvotes

100% Upvoted

19 comments sorted by

7

u/Working-Bat906 3d ago

Please watch rande howel videos on youtube

He covers a lot of psychological trading topics, search that specific one

He has a soft, calming voice and explain things very eloquent👍

4

u/BeiNgLeTo 3d ago

I've been there and what helped me is taking a break. Trying to recover the money lost will only lead to more losses because you're panicking at the moment and not making the right decision. Just take a break, losses are part of learning.

4

u/Previous_Cress_8112 2d ago

Just don’t trade today.

3

u/Relevant-Owl-8455 3d ago

RISK MANAGEMENT. Take a look into that and develop a deep understanding on why it's important.

3

u/Educational_Spirit63 3d ago

one loss doesn't matter, only thing that matters is the percentage at the end of the month/year. one win doesn't matter as well in that case. with proper risk management u can only lose 1% per trade anyways, and only 0-1 trades a day (basically try not to trade). today you can lose 1%, the next day you could make 3%, so that loss doesn't matter anymore cuz you're up. Play the long game, losing is part of it. The best traders in the world also lose very often.

3

u/Longjumping_Till_872 3d ago

Reduce your risk amount

2

u/inoscopedjfk100m 3d ago

Ive taking a lot of losses this week aswell, it’s ok to feel the way you are it’s normal but you have to remember you are not going to get where you want to be doing what you’re doing so you have to take this as a lesson and learn from it and improve. Aswell as the more losses you take the more you’ll come to terms with it’s just apart of the game

1

u/xxlaww 2d ago

Don't risk too much. 1-3 trades a day. Move on to the next day after a win or loss

1

u/One-Most2602 2d ago

It’s simple you lost, now try again another day.

1

u/buck-bird 2d ago

Beer and math. In that order.

1

u/PropFirmsCompared 2d ago

The best advice I have seen is "Risk the maximum you're 100% comfortable losing".

Since I have been doing this, and using a 1:1 rr, my trading has improved tenfold.

1

u/Pitiful-Inflation-31 1d ago

don't cope. hit stop loss and take a breath, every day is the new day. don't think of profit loss, think about utlize the setbup first

1

u/ComplexSearch2460 1d ago

Panicking is very harmful and it's harder said than done but remain calm and accept the losses. They are there for you to learn, everyone has them