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Thread: Cut your losses

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    Cut your losses

    I believe that many traders will be wondering why some traders are successful, and while many are failing. It is true that more than 95% of traders are losing their money, while fragment less than 5% are adding more profits every time in the market. It has always being like that, and it will continue if traders do not take action.

    The first thing to do if you want success is to have a preserving ways of the account. If the trading account is actively preserved, then I believe that you have a better opportunity and trading shots next time you trade. This is the main reason for the success of some traders, SURVIVAL!

    CUTTING YOUR LOSSES: Almost all the traders I have known that fails in this market are having a trading system that is more than 75% winning. It means that they lose all their accounts, that is why they do not have the privilege to continue the task/challenge in the market any further.

    And the only way to stop this is to limit the way you are losing in the market. If you can adopt the tight stop loss usage (By tight stop loss, I means having a stop loss of nothing more than 10-30pips) depending on the trading system you are using). This means that the account will be active all the time, and you will be active when there are opportunities that will favour you comes.

    In other words, always place your stop loss, and let it be tight. Never allow your account to be free to drawdown, this is the way a trader have margin calls and have their accounts stopped at the same time, this is a careless act is the stop loss is more. And if the account is preserved, you will have success with time. HAPPY TRADING!

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    Rookie Toyen's Avatar
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    Quote Originally Posted by naeem555 View Post
    if we wait for market to come back and come into profit so some time this happen but some time not, when it not happen we lose big or more, because we wait for more and more time,so i recommend wait if you are sure, if you have good analysis but if you do not have then do not wait and close into some loss and recover it, its easy then waiting and losing big that is not easy to recover
    It is not so right to always be waiting for the market to come back in your favour. Although, it works at times, but most times, the trader will wait in vain, and this will cause the capital of the trader to be lost in much folds. I so much believe that we need to use the stop loss at the right place immediately we trade, and when the market is against us, we will know right from there, and we should let the stop loss do its work without alterations.

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  3. #3252
    Rookie Sascha's Avatar
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    Quote Originally Posted by Toyen View Post
    It is not so right to always be waiting for the market to come back in your favour. Although, it works at times, but most times, the trader will wait in vain, and this will cause the capital of the trader to be lost in much folds. I so much believe that we need to use the stop loss at the right place immediately we trade, and when the market is against us, we will know right from there, and we should let the stop loss do its work without alterations.
    that's the use of stop loss to secure our trades from wrong analysis and cover our back to stop blaming ourself after making a bad analysis. we humans can't be accurate every times, there's big possibilities for us to lose to market sometimes. having a habit of hoping market to return to its initial price while we're still holding our wrong trades open, this will result to suffer more stress and we'll lose our trades somehow.

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  4. #3253
    Rookie ola4real's Avatar
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    Quote Originally Posted by Toyen View Post
    It is not so right to always be waiting for the market to come back in your favour. Although, it works at times, but most times, the trader will wait in vain, and this will cause the capital of the trader to be lost in much folds. I so much believe that we need to use the stop loss at the right place immediately we trade, and when the market is against us, we will know right from there, and we should let the stop loss do its work without alterations.
    It is not easy to be wait in the market position in whom the trader has seen that it is against him. The best thing to do is to cut your losses, it could be done with the stop loss or by the manual closing of the trade by that trader. We have to work with money and risk management with the cutting of our loss, and if the forex strategy we are using is good, the losses will just be minimal, it will not affect our forex accounts.

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  5. #3254
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    Quote Originally Posted by ola4real View Post
    It is not easy to be wait in the market position in whom the trader has seen that it is against him. The best thing to do is to cut your losses, it could be done with the stop loss or by the manual closing of the trade by that trader.
    If there was a perfect trader, then there wouldn't be means for cutting loss in forex. We must put in great time to manage loss and do see we build a profitable trade that would help us realize our goals. Loss have to be managed and the plans we have concerning this loss will lead us to achieve more on profits. Good traders cut their loss by applying stop loss and they always follow the plans to work hard on their trade to see they always have what it takes to make it.

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  6. #3255
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    This is what we should plan about as a trader who is looking to become successful in this market. Cut your loss because such will give better room for our capital to be managed while we don't easily loose them all up in forex. The chance to survive is important and building the right system will eventually give us everything that we need to achieve this goals perfectly. Loss must be managed and its something we have to plan about and seek growth if we must stay successful.

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  7. #3256
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    Quote Originally Posted by Tonycee View Post
    This is what we should plan about as a trader who is looking to become successful in this market. Cut your loss because such will give better room for our capital to be managed while we don't easily loose them all up in forex.
    you are right and whenever we lose here we think we are wrong some time this happen but some time market also move unexpectedly, so first of all understand why we get loss, if we learn from loss we can do better next time, but if we do not learn from loss we can repeat mistakes and in end we can have just loss because when we repeat mistakes we can not survive and can lose again and again, so do not do this mistake

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    Quote Originally Posted by naeem555 View Post
    you are right and whenever we lose here we think we are wrong some time this happen but some time market also move unexpectedly, so first of all understand why we get loss, if we learn from loss we can do better next time, but if we do not learn from loss we can repeat mistakes and in end we can have just loss because when we repeat mistakes we can not survive and can lose again and again, so do not do this mistake
    market is full of risk and reward, that's all possible to earn based on our analysis and decision. our results will be determined by how good we can produce an analysis about market and how we can control our trading with the risk and reward possibilities. it's okay to lose sometimes because we can't stay perfect in making correct analysis everyday. at least from 20 days trading in a month, we better make more than 10 profitable days to call ourself a good trader.

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  9. #3258
    Rookie ola4real's Avatar
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    Quote Originally Posted by naeem555 View Post
    you are right and whenever we lose here we think we are wrong some time this happen but some time market also move unexpectedly, so first of all understand why we get loss, if we learn from loss we can do better next time, but if we do not learn from loss we can repeat mistakes and in end we can have just loss because when we repeat mistakes we can not survive and can lose again and again, so do not do this mistake
    Forex traders can lose and the losses could not always mean that the forex trader is at fault. We should only try to plan for our trades, we can lose but we should not let it to be too much, the cutting of our losses is important in this situations. Forex traders get to cut their losses, they will have have limited losing, the forex trader can have the opportunity to trade better with that.

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  10. #3259
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    Cutting loss is very important and this is a good way for us to build a more dependable trade that will lead us to achieve our very right goals at the best time. Loss must be managed and doing everything to manage this loss will help us to protect our capital and help us not to risk what we cannot afford to loose in this trade. Dealing with loss is important and by cutting loss we would always see that our deposit is well managed.

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  11. #3260
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    Quote Originally Posted by Ulthred View Post
    Cutting loss is very important and this is a good way for us to build a more dependable trade that will lead us to achieve our very right goals at the best time. Loss must be managed and doing everything to manage this loss will help us to protect our capital and help us not to risk what we cannot afford to loose in this trade. Dealing with loss is important and by cutting loss we would always see that our deposit is well managed.
    By cutting our losses we can manage to keep our profits consistently above our losses and stop loss remains the most effective tool for that. There are many things regarding using stop loss and firstly if we use stop loss inefficiently it is not going to cut our losses but enhance our losses. Using stop loss is necessary for survival, but further keeping calm after our trades end up hitting the stop loss might be still difficult.

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