04 Mar 09 How do you cope with a missed forex trade?
rob_sarian asked:
For the forex traders out there - how do you cope with a missed trade? Earlier this evening my system fired off a signal which I was not able to act on because I had emotional doubts about it (it just didn’t “feel” right). The price shot a hundred pips in the direction which the signal said it would.
For the forex traders out there - how do you cope with a missed trade? Earlier this evening my system fired off a signal which I was not able to act on because I had emotional doubts about it (it just didn’t “feel” right). The price shot a hundred pips in the direction which the signal said it would.
I’m kicking myself in the b***s right now.
How do you cope with this? As a trader, what are some of the things you do when a painful thing like this happens? I know a lost opportunity is a lesser evil compared to lost capital, but it still hurts like hell.
For the seasoned traders out there, any tips or advice? Lost opportunities like this happen all the time, right?
Thanks.
Retail Forex Trader
Reader's Comments
The trade is good too would you have felt differently is the trade is good luck.
The other way try not to become emotionally involved with investing it can effect judgment at times good luck.
I’m very sorry with your condition now…
I’m Lemy from Indonesia. I once trapped in the condition like that. don’t know what to do. I lost all my money in forex….
but funny thing, i found that forex is more safe when we trade base on the technical analysis…. using signal.
why don’t you try this signal. i might help you….thanks
The bottom line you try to understand why you didnt take it wont happen again.
The entry and the bottom line you didnt take it wont happen again.
Move on. You can’t ‘job’ backwards.
You didn’t lose money, did you?
If you keep thinking like that you will drive yourself mad and who knows, IF you had done it , it MIGHT have gone down. You/ no-one will never know.
visit www-indianstockmarket-webs-com they provide free stock tips by email/sms. so i think u will get your answer or some other help.
Guess it’s part of trading. Maybe even life itself. There are always missed opportunities. Alas, we can’t see the future.
Anyway, you should be glad that your system gave you a good signal. I wonder what you were using. Care to share?
The market waiting for you there will always be plenty of money in the future cheers paul.