The Emotional Roller Coaster Ride of Forex - Part 2/3

2. Missed Opportunities

After a ride in the losing streak, a new trader could not help but passed this missed opportunities ride in the forex roller coaster. This is when, you know when your analysis, or even a gut feeling based on the incomplete information, that you should be buying/sellingg and you not. Then you went to attend other businesses and couple of hours later, when you get back to your workstation, your huntch is true. "Ugh!, had I place a trade, I would have be in the money now"

It is painful, and I am telling you that it is even more painful than the losing streak. For me, it has come to the point of self-blaming. It happen again today as I thought I should have a buy limit on cable at 5500 when it was trading in the 5530's. As of this writing, it is now at 5540 and rising. Had I had a buy limit, it would have been a profitable trade. I am sure there will be missed opportunities in the future as I am growing as a trader but I know there are reasons for this.

My strategy to handle this kind of emotion ride, is to keep telling my self that it wasn't meant to be and the lesson to learn here is to start trusting myself on the analysis and keep honing the skills. We know there is destiny, and we could not but gravitate towards our destiny. If it is meant to be, it is up to me.

Currency trading is about doing it right in the long run. "It is a marathon, not a sprint" as put in babypips. Focus on the process and once we get it right, the money is just goign to come. Yes, occasionally we incurred losses, for whatever reasons. But the most important thing is to pick up the lessons from the losses. Consider those losses as the price for a live education in forex. At the same time credit yourselves for doing the right analysis

Only then we can move on and trade profitably and peacefully.