The pain of losing money is much more than the joy U feel when U make that same amount. It's normal to feel bad after a loss but make sure not to make ur next trade on impulse or try to recover all at once. Take a break, calm ur nerves and watch the market for a while, don't be in a hurry to jump back in. It's inevitable so just set a limit U can take and once U hit it exit immediately
The reason why you are always angry when you take a loss is because you did not plan for the loss... Before I take a trade I plan for the loss and that determines the lot size I will use on that trade so that I can risk what I am willing to loose, that way even if I hit the loss.. I will not get angry because I had already resolved within myself that I can take that amount of loss ... It also helps reduce your palpitation level and stabilize your psychology if you need more explanation you can contact me Via phone or WhatsApp +2348062902920
Getting angry after taking a loss is always when you never prepared for the loss, next time calculate your potential loss and if it's too much for you to bear modify your trade to what you can accept or leave the trade... Losses are inevitable in trading
I don't get what the last two comments before me are trying to say. Do we expect a business man to be happy over a loss? Everyone gets angry over losses whether in forex or regular business. It's a hurt that heals with time, simple!. It doesn't require any training or dapo Williams course. It's simply a natural and gets away with time
So Mr poster, you are human and simply exhibiting human tendencies. You will be fine overtime
There is just one reason I can think about this.
If you have ₦1000 and you lose ₦50, will you be angry? (The answer is NO because you still have enough money not to feel the loss so much - though most people will disagree, but it's the truth)
What if you have ₦100 and you lose ₦50, will you be angry? (The answer is YES)
You lost ₦50 in two scenarios but one hurt and the other doesn't.
If you don't want to be angry when you loss because you must definitely loss. REDUCE YOUR STAKE SIZE
You get scared when you have much to lose and it leads to anger when you eventually lose it.
Your emotions will be normal if you don't have much to lose because there's enough money to try again.
So the reason is because you are trading a big size which if it goes bad you feel like you are losing it all
You have to train your mind to accept loss because no trader has working strategy of 100%......the market is a battle of give and take.....if you have a strategy that has an edge....combining money management+good risk to ratio reward ...on the long run.....you will end up with positive
You don't need to change your strategy, Obviously,this can only come from a day trader,just from been a day trader to swing trader.
moreso,I will advise to go Dapo willis course.
Hi Ogbene, this is completely normal, every Trader went through this at some point in their Financial trading journey. Taking a loss doesn't make any Trader happy, but as you continually grow as a Trader, you make peace with the fact that you can not be right 100% of the time, it is what it is. No strategy is going to give you a 100% win rate, so don't even try switching your strategy because of one or two losses. Here's the beautiful thing about trading, with a good risk to reward ratio all you have to do is, be right 6 out of 10 times. Now, that's an extremely profitable Trader right there!