Did you blame yourself when you lose?

Discussion in 'Forex - Currencies Forums' started by dariel2323, Sep 6, 2014.

  1. dariel2323

    dariel2323 Well-Known Member

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    Many traders blame their selves when they lose trading Forex, which is not right for any trade, when we lose trading we don`t need to blame anybody even our selves, instead we should take time to learn Forex very well, because blaming our selve will not bring the lose back to us. Losing is part of trading too it make us understand the place we are going wrong. So nobody should blame him selves for losing.
     
  2. Lin

    Lin Member

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    Well, whenever I lose, I usually blame myself. But it is not something that I dwell on. I usually try to be critical in analyzing the ways in which I fell short in estimating, calculating and so forth. Usually I am able to know my mistakes. For most traders, we have a problem with applying patience and conservation. Sometimes we jump into the market without properly reading the charts and the signs and at other times we try to win big by trading huge lots with small amount of monies.
     
  3. JoshPosh

    JoshPosh Guest

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    It depends on the situation. I do have a set of rules to follow for take profits and stop losses. When I let emotions or second guesses get in the way, and I end up losing because of that, then I get pissed at myself. Cold and calculated is what i strive for. But hey, I'm human.
     
  4. joshua minaya

    joshua minaya Active Member

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    i only blame myself if i don't follow my strategy but provided i trade based on my strategy i don't have any thing to regret and i believe that it is the way most professional traders feel when they loose in the market.So my advice to you is to never get emotioal with the market.
     
  5. Gelsemium

    Gelsemium Senior Investor

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    I think there are so many things involved that it can be our fault or not. As long as we have done our homework properly there is not much more we could have done is there?
     
  6. Strykstar

    Strykstar Well-Known Member

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    I don't blame myself because we know that we just can't control these things properly.
    We can learn from our mistakes and try to make better picks next time, but we didn't necessarily do something wrong when we lose.
     
  7. axwell2000

    axwell2000 Member

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    Sure, you should always understand that part of trading is also losing. But the blame can't be shifted on the trader as much because of several reasons, not the least of which is that the markets fluctuate and there are so many other small details that can lead to a loss but that is part of the bussiness.
     
  8. Muthoni

    Muthoni Guest

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    I agree with you, no one does anything expecting to fail. It works as a learning experience when mistakes occur. It can be compared with spilled milk that cannot be recovered. Crying about it only makes the eyes red and swollen.
     
  9. healthandfitness

    healthandfitness Well-Known Member

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    I won't say that I blame myself, but I surely take account every time I lose to make sure it was not from some mistake I made. We shouldn't throw pitty parties for ourselves and claim that the market is to blame either. I feel that a trader is ultimately responsible for their trades.
     
  10. jdroc

    jdroc Guest

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    I blame myself first and foremost. However, there are certain market forces that are beyond our control. More specifically, the government. Once I learned that the government will intervene directly with companies to get a desired result, this changed my perspective entirely.
     

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