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How do you cope with a missed forex trade?

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.

The best way to cope with a missed trade is to simply catch the next one.

Keep in mind that there will always be plenty of money in the market waiting for you. There is no urgency to catch every trade.

Learn from the past and apply to the future.

Cheers,

Paul

This entry was posted on Monday, March 22nd, 2010 at 1:51 pm and is filed under forex trading signals. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

7 Responses to “How do you cope with a missed forex trade?”

  1. Net Advisor Says:
    March 22nd, 2010 at 7:02 pm

    Missed opportunities happen. But sometimes not getting into a trade is good too. Would you have felt differently is the trade went the other way?

    Try not to become emotionally involved with investing. It can effect judgment at times.

    Good Luck!
    References :

  2. Lemy Says:
    March 22nd, 2010 at 7:33 pm

    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
    http://easyprofitforextrading.tripod.com
    References :

  3. Sue_C Says:
    March 22nd, 2010 at 8:07 pm

    You take a coffee break.
    Next you take the time to write up in your log, exactly what happened. The signal, the entry and the reason why you didn’t take it. The bottom line: you try to understand why it went wrong in your mind, so that it won’t happen again.
    References :

  4. raysor Says:
    March 22nd, 2010 at 8:44 pm

    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.
    References :

  5. Tina A Says:
    March 22nd, 2010 at 8:56 pm

    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.
    References :

  6. Dav125 Says:
    March 22nd, 2010 at 9:36 pm

    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?
    References :

  7. Paul U Says:
    March 22nd, 2010 at 10:02 pm

    The best way to cope with a missed trade is to simply catch the next one.

    Keep in mind that there will always be plenty of money in the market waiting for you. There is no urgency to catch every trade.

    Learn from the past and apply to the future.

    Cheers,

    Paul
    References :
    full time Forex investor

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