When regret motivates!

[Andre Silva]

We experience regret when we look at a decision and imagine it could have turned out differently. In the trading arena, it can be hard to escape regard. Since we can feel regret by taking action or by doing nothing. When we open a position, for example and end up losing, we can regret executing the trade.

But we can also feel regret when we let a winning trading opportunity pass by because we were afraid to take a risk. In both cases, we let our mind imagine alternative realities. In addition when we start to think that one of those imagined realities are better than the way things actually turned out, we feel regret. We actually think ‘If things had turned out differently’ I would now be in paradise’

[Ricard Dorman]

In Forex trading, if we are a newbie, we are more prone to emotional trading. But the longer we trade the calmer we become. Its like bouncing a ball. At first its bounce high, but after a few bounce you may notice that the ball bounce lower and lower until it’s only going to roll and eventually stop. In Forex trading, we are also experiencing this.

It it’s our first few weeks in Forex trading our heart beat fast and everything we trade regardless we make profit or we loss we always feel regret. We regret if we lose an opportunity to trade a profitable trend and we also regret if we open a position that end up at loss. But the more we trade the more we actually settle down and before you know it you will just realize that trading is just your daily routine.

Like me for example, in first two months in Forex trading I’m all emotional. But on my 3^rd month of trading I make profit and I somehow settle down. Now, every morning at 4 am I wake up to update my trading analysis and update my positions in all five trading accounts. In addition, in afternoon about 3 pm I do another analysis and update again my positions then about 10 pm I do the same thing.

[Andre Silva]

Regret is connected with the decisions made in the past. So, in order to avoid the regret one has to avoid thinking about the past decisions which affected the traders action and lead to the loss. I am not sure how the regret motivates people but many people do things very differently in order to avoid the regret. I know that regret has something to do with unstable emotional state of the trader or in general any person. In such state one should avoid the emotional trading at all costs.

If you want to motivate based on the wrong past decisions and the regret then my suggestion to you is think about the loss and see how you can cover it up. I can tell you that sometimes regret can be used for improvement of your performance. If you try to perform in such decision then surely regret can be used for something more positive.

[Shane Watson]

You would feel regret both ways. When you lose, you regret that you should not have made the trade. In addition, when you don’t make the trade and it turns out a winner, you regret that you should have made the trade. So, all in all you just go to get rid of regretting. If not you will just be occupying yourself with nothing. The mistake is done and you can’t do anything more about it. What you should do is to find the reason for your loss. Whether it is your signal or anything else.

Whatever regret we have in trading we have to step in and stop it. I know it is hard to be profitable always in Forex trading but we are not perfect traders who are not going to lose. All of us have potential and we have to unleash it in trading. Actually, I trade 100% all the time, what I mean is I do my best always to make a good execution of my trades and I make sure to prepare for the worst case scenario. The loss is just part of life it will not hinder me to earn much more in Forex.

[Zachary Davis]

I seem regret will never make time being back anymore. In addition, it’s only will become barrier for trader if they regret although sometimes as human nature they felt regret after they do something that opposite with expectation. But they can’t blaming their own selves or other or the market. Because before they making entries actually already have agreement if they might get loss in their trade. So to avoid regret I think better thinking again before making decision about these risk.

Maybe regret occur because any trader lose huge number and making such mistake that causing loss, but don’t let us dept in regret because we will lose our motivation to learning again. Maybe we need take a rest after huge loss. But actually we still can practice in demo account or take part in demo contest. And if you angry and regret, maybe demo account is free place to revenge.

[Ricard Dorman]

During trading career, maybe sometime as trader will faced with bad condition which they facing with loss and felt regret and lose motivation to trade again because they felt get failure in their trades. Maybe different trader will have different mental since facing with failure. Some trader might they despair and quit from this business. But some of them maybe still take a rest and need time before break again.

In my opinion, if we faced with regret motivation. But till hope to survive in this business. hence we can learn back in demo account while we always learn from good trader. Maybe with watch good result from any other Forex trader that able generated good amount of money. Hence will making our motivation back again and we will make effort to get betterment trading skills.

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