In this Forex trading vlog, Etienne discusses how to deal with trading losses. If you can’t handle losses well in trading, pay attention to this video. We go over some simple tips to get over trading losses and stay consistent no matter what. Vlog 656
#trading #forextrading #tradingmindset
FREE Case Study “Quitting Your Job To Finally Trade Full-Time”:
Chapters:
0:00 Intro
0:50 Reasons why trading losses affect you
2:02 Trading losses at the beginning of my journey
4:55 Trading losses when scaling up my trading account
6:36 Money mindset for trading
// SOCIAL
Forex Trader Community (Facebook Group):
Facebook:
Twitter: @desiretotrade
IG: @etiennecrete
// TRADING MUST-HAVE RESOURCES
Forex Broker (Pepperstone):
Forex Broker for Canada (Axi):
Best Platform:
Backtesting Tool:
VPS (for algo trading):
Trading Journal:
// MUSIC
David Cutter Music –
Andrew Applepie –
// ABOUT ME
My name is Etienne Crete (from Montreal, Canada). I’m a swing Forex trader and help aspiring Forex traders develop a trading method that works for them so they can produce income allowing them to live with more freedom.
I blog at www.desiretotrade.com and host the Desire To Trade Podcast. I was fed up with the “fake” millionaire traders and the “get-rich-quick-trading guys”. That’s why you can expect more free content from me than what other people charge for!
If you truly want to succeed in Forex trading, I believe you need to keep working on yourself so you can improve your strengths, but also your weaknesses. Do not focus solely on what you’re good at.
// Disclaimer
This video expresses my personal opinion only. Forex trading is risky. Make sure you are ready to trade. Even this will not guarantee you positive results. I am not responsible for any losses incurred due to your trading or anything else. I do not recommend any specific trade or action.
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Link do Vídeo
love from malaysia
I want to meet U brother.. In Bangkok next Year..
Bedankt
Allah hu akbar indicator. The confirmaton of signal is the taller the building the bigger the kaboom
Thank you for this video!
This is all true till you're at 9-10 losses in a row, even if ur at 2-2.5% risk per trade it stacks quickly .
Super content Etienne.
The secret is to see any trade as an average win, not a win or a loss. I.e. if your strategy is 2:1 and a 40% win rate with 2% risk/trade it means every trade is a 0.4% win
You should interview Matt the DayTraderNextDoor. I'd watch that over and over and over.
My conclusion is that most of trading is a mental thing.
The psychology side of it is the main barrier to get over.
Very good video, thank you
This is one of your best! You are doing great work for your community. Keep those Sunday shows coming
As long as the loss fits within the expected backtest parameters, no worries. It is just part of the system!
Really good video!
GBPCAD did me today after bank of England . then reverse hahaha.. veer painful
STOP LOSS IS NOT THE LOSS — IT'S A COST FOR RUNNING THE BUSINESS
Brother, kindly do a video on, how to grow trading account size step by step.
Good advice E
most losses occur after big wins
Thanks Etienne! To deal with losses, I like Michael Jordan’s take on his respect for losses. “LOSING IS JUST THE WORST FEELING IN LIFE, AT ANYTHING,” CURRY SAID. “CARDS. GOLF. BASKETBALL. WHATEVER IT IS.”
“I HATE LOSING. I MEAN, IT’S NOT EVEN A QUESTION,” JORDAN RESPONDED. “BUT I DO RESPECT LOSING, BECAUSE LOSING IS A PART OF WINNING. YOU’RE NEVER GOING TO JUST WIN. YOU’VE GOT TO LOSE TO WIN.”
Great video! Amazing stuff as ever Etienne, your work & interviews definitely help people on the journey.
Great discussion. I had the same problems as I began to increase my lot size – had some miserable experiences as you have. If you step back from it and put it all into perspective as you say, then it's all just part of the "expenses" of your trading business. I've done quite a few videos on this topic on my own channel, and I actually think it helps me more to talk about it than those who may watch it as the feelings are pretty abstract and unless you've been there, hard to fathom.
FIRST!