FX can't stop even if it loses. Actually, even when winning, I can't stop.
The reason I can't quit FX is that
people tend to think,
"I want to recover my losses."
But actually, even for those who are winning, there are reasons that make it hard to quit.
"I want to increase it more"
is the reason.
For those who are losing and those who are winning, the reasons are opposite, but they both become the motive for the next trade.
Losing people have the desire to recover
A capital of 1 million yen becomes 800,000 yen.
So,
"If I can recover 200,000 yen more, I’ll be back to where I started."
But if I lose more, the amount to recover increases.
As a result,
I increase the lot size.
I increase the number of trades.
I take trades I normally wouldn’t.
I want to quit because I am losing.
But at the same time,
because I am losing, I can’t quit.
This inconsistency occurs.
Winning people have the desire to do more
So, what about those who are winning?
1,000,000 yen becomes 1,500,000 yen.
It feels good.
But,
"Maybe I can reach 2,000,000 yen"
I think.
It becomes 2,000,000 yen.
Next is 3,000,000 yen.
It becomes 3,000,000 yen.
Next is 5,000,000 yen.
As the numbers increase,
instead of stopping here,
the feeling grows stronger
that I can still increase more
.
Winning isn’t because you are anxious and continue.
You continue because you have confidence.
But in the end,
the point is to make the next trade
.
FX has no finish when you have "won sufficiently"
This is the tricky part of FX.
I earned 1,000,000 yen.
The market says nothing.
I earned 10,000,000 yen.
It still says nothing.
Even if it becomes 100,000,000 yen,
the app will not say,
"You've earned enough, so please stop."
The market moves tomorrow as well.
Next week it will move too.
New opportunities will appear again.
Therefore,
you must decide when you have had enough yourself.
After achieving a goal, what is the purpose of the next trade?
When you first started FX, there was some purpose.
I want to pay off debt.
I want to grow my funds.
I want to stabilize my life.
If you achieve that purpose,
then consider,
"What is the next trade for?"
.
If the original purpose has been fulfilled,
you would continue just because you want to increase a little more.
Then the target amount may be exceeded, and the next goal appears.
The increased money is not a goal,
but the funds for the next trade.
Set not only a loss-cut but also an exit for profits
In FX,
we often think about,
"When to quit if I lose."
But,
"When to quit if I win"
can also be decided.
For example,
finish once you reach the first target amount.
Finish when you reach a amount that can repay debt.
When you withdraw a certain amount, don’t return to the market.
Trade only for a fixed period.
Usually,
you might think,
"It’s better not to set a cap on profits."
But that mindset assumes you will stay in the market forever.
staying in the market foreverstaying in the market forever
is a premise you can question in the first place.
There is no obligation to stay in the market
FX is not a job.
There is no contract that requires you to stay until the end.
Today you can quit.
You can finish this month as well.
If you reach your goal, you can stop.
Even if someone says, "It’s wasteful to stop while you’re winning,"
you are not obliged to continue.
The purpose of participating in the market is not
to stay in the market forever.
Decide the exit before winning or losing
Losing people have,
"I want to recover"
.
"I want to increase more"
.
If you follow your emotions,
you will continue when you lose.
You will continue even when you win.
It tends to happen.
That is why, at the starting point,
set the condition, "I will stop once I reach this point."
Decide how much you can lose.
Decide after how many years of no results you will stop.
If your life is affected, stop.
And,
stop once you achieve your goal.