[FX Psychology] Do not regret after taking a loss and returning. That "greed" will cause you to lose capital.

【FX Psychology】Don't regret returning after cutting losses. That "greed" makes you lose funds

【FX Desires】The decisive difference between those who miss profits and those who keep earning

I want to profit from FX.

This is a desire that everyone has.

And that desire itself is not a bad thing.

The problem is when that desire turns into "greed."


■ Have you ever thought this after cutting losses?

Right after cutting losses, the market comes back,
and you think, "If only I had waited a little longer..."

Every trader has experienced this.

Conversely, after taking profit, the price may rally further,
and you think, "I sold too early..."

However, there is one fact we must understand here.

・What happens after a loss cut is unpredictable
・What happens after taking profits is unpredictable

The market is a world where the future is unseen.

That is why it can return after a loss cut, or drop sharply, and after a profit, it can extend further or reverse right away.
In other words, both outcomes are normal.




■ People who cannot succeed judge by the "results"

Many people think,

・After a loss cut it came back → loss cut was a failure
・After profit it extended → taking profit was a failure

This is dangerous thinking.

Because if you continue to think this way,


you will start thinking, "Next time, I'll skip the loss cut."

And eventually, you will trade while praying, "It will come back someday," while carrying a large unrealized loss.






Also,
you might hold on to profits hoping for more,
and ultimately lose the profits you earned.


■ The most dangerous thing is a success experience

What makes it even more troublesome is

・If you hadn't cut the loss, you would have survived
・If you waited for profits, you could have taken a large gain

This experience may seem like a success at first.

But in reality, you might have just been lucky.



Believing this experience as the right answer leads you to repeat the same actions next time.


And someday it will lead to a large loss.


■ The common root cause is "greed"

What is the fundamental cause?

It is "desire."

More precisely, "greed."

I want more profit.
I don't want to lose.
I don't want to admit losing.

These emotions deprive you of calm judgment.


■ How to truly satisfy your desires

If you want to earn money, you don't have to deny your desires.

Rather, desire can be your driving force.

However, you mustn't satisfy your desires in the wrong way.

The truly satisfying methods are,

・Don't be greedy for profits
・Follow the rule to cut losses
・Think in terms of total balance, not a single trade

and then,

Aim not to "win" but to "avoid losing."


Not to "avoid losing" alone, but to think in terms of long-term earnings.

■ The market world has the wisdom of predecessors




Pro traders who have survived for years in the market say the same thing.

> “If you can grab part of the up and down waves, that's enough. If you can grab half, that's enough. No one knows where the exact top or bottom will be.”

There is no need to try to catch the market's peak or bottom.

Just take what you can.

Also, there is this saying.
> “Those who fear excessively are better suited to the market than those who feel no fear at all. The latter have no opportunity, while the former have chances.”

Feeling fear in the market is not a bad thing.
That fear leads to better risk management.

Furthermore, another saying:
> “The key to success in investing lies within yourself.”

In the end, what matters more than a winning method is whether you can control your desires and emotions.


■ Summary

People who succeed in FX are not those who are good at predicting the future.


They don't care if they return after a loss cut.
They don't care if profits extend after taking profits.

They are the ones who can keep following the rules.

In the market, your real opponent is not the market itself.

The real opponent you should fight is your own "greed."



The method I am currently practicing is here
(I have also added a currency strength filter to this)
★★ Steady trades of +10 pips per day (2–5 hours per day) ★★
A trading method not for "winning" but for "earning"
Trade only with the expectation of "going long" where the probability of rising is high
The mindset of overseas pro traders (legendary investors Buffett and Soros)

https://www.gogojungle.co.jp/tools/ebooks/76385

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