{"id":10133,"date":"2022-10-17T07:41:58","date_gmt":"2022-10-17T07:41:58","guid":{"rendered":"https:\/\/mdr.foobrdigital.com\/?p=10133"},"modified":"2022-10-17T07:41:58","modified_gmt":"2022-10-17T07:41:58","slug":"prepare-to-lose-trade-to-win","status":"publish","type":"post","link":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/2022\/10\/17\/prepare-to-lose-trade-to-win\/","title":{"rendered":"Prepare to Lose, Trade to Win"},"content":{"rendered":"\n

We\u2019ve all gotten our hearts broken at some point. And no, I\u2019m not just talking about getting dumped by your high school sweetheart.<\/p>\n\n\n\n

The\u00a0forex market\u00a0also has its own way of making you cry yourself to sleep, leaving you broken and feeling helpless.<\/p>\n\n\n\n

Sure, you might say that you\u2019ve stopped binging on chocolates and that you\u2019re already over it. But have you found yourself not pulling the trigger on a setup because it reminded you of a supposed \u201cTrade of the Year\u201d that didn\u2019t go your way?<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

Have you recently experienced a big loss or a series of forex losses that dealt you a big emotional blow? Do you often get emotionally rocked by what you feel should be normal trading stress? Are you unable to break bad habits, even though you are aware of them?<\/p>\n\n\n\n

If you answered \u201cyes\u201d to these questions, then you may be suffering from emotional trauma.<\/p>\n\n\n\n

Emotional trauma<\/em> usually occurs when we experience a threat to our safety and security.<\/p>\n\n\n\n

Although it helps us keep ourselves from repeating the same mistakes, it can also be paralyzing for a trader. It can lead to the creation of bad habits detrimental not only to our psychology, but also to our trading accounts.<\/p>\n\n\n\n

So how do you prevent emotional trauma?<\/p>\n\n\n\n

First of all, you have to practice sound\u00a0risk management.<\/p>\n\n\n\n

For traders, traumatic experiences often arise from poor risk management.<\/p>\n\n\n\n

<\/a>Trading large positions, using ill-placed\u00a0stop losses, and being overly aggressive can threaten one\u2019s account, and therefore, one\u2019s sense of financial security.<\/p>\n\n\n\n

Getting stopped out when your stop loss was properly placed and risk-adjusted shouldn\u2019t be traumatic because losses are inevitable. However, choosing not to use a stop and losing half your account for it will definitely give you nightmares.<\/p>\n\n\n\n

Secondly, you must prepare for the worst but plan for the best.<\/p>\n\n\n\n

It\u2019s all about mental preparation. If you set your mind to accept hits and blows, then almost nothing will jar your focus.<\/p>\n\n\n\n

But remember, though we mentally prepare ourselves for the possibility of a loss, we must NEVER lose sight of and always work towards our ultimate goal \u2013 to win!<\/p>\n\n\n\n

In other words, we must prepare to lose, but always trade to win.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

We\u2019ve all gotten our hearts broken at some point. And no, I\u2019m not just talking about getting dumped by your high school sweetheart. The\u00a0forex market\u00a0also has its own way of making you cry yourself to sleep, leaving you broken and feeling helpless. Sure, you might say that you\u2019ve stopped binging on chocolates and that you\u2019re […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[441],"tags":[],"_links":{"self":[{"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/posts\/10133"}],"collection":[{"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/comments?post=10133"}],"version-history":[{"count":0,"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/posts\/10133\/revisions"}],"wp:attachment":[{"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/media?parent=10133"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/categories?post=10133"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/tags?post=10133"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}