Trading losses can be very painful. Especially for those who have only just started trading. And of course with losses being inevitable, it is impossible to say when and during which trade you are going to lose with market being very unpredictable. But there is one thing certain here – we need to trade through the losses and we need to overcome them as soon as possible, no matter how big and painful the loss might be.

But, it is not always easy to overcome losses. And in case you are seeking advice on how to pull that, you are in luck! Here are the top things you have to do to overcome a trading loss.

1. Accept it.

2. Take a break.

3. Make up a plan.

4. Think about the situation in general.

5. Get back into trading.

6. Look for inspiration.

1. Accept it.

Even if the loss was due to your mistake or your inability to see the smallest details that pointed towards a soon-to-come reversal, you have to accept that it has happened and that your actions led you to your current position.

Here you need to understand one simple thing – it happens to everyone and you are not the first one who has failed in a trade. And certainly not the last one either.

Of course it is going to be simpler for you to accept the loss if you have made no mistake and if the markets just went too unpredictable for you to control the situation. But still, a loss is a loss and accepting it might be hard for you to do.

2. Take a break.

You need to take a break – trust me. After a loss your head is filled with thoughts of ‘revenge’ to the markets. And I understand you, believe me. But in this state you are never going to make the right decisions and you are never going to be able to reach success. It is better to leave trading for the day and cool down, otherwise you are just facing more of the potential losses in your nearest future.

3. Make up a plan.

For your future trades – make up a trading plan. Search through the news and find the couple that is going to grow, according to you and market makers. Make up a plan, use a trading signal now and right before the trade. See, what the numbers are telling you and watch the chart very carefully.

Having a detailed plan for the future is going to make up a system and is going to give you a firm grasp on the situation.

4. Think about the situation in general.

Now. I understand that losing is not the most pleasurable process in the world. I see that you are hurt and probably very uncertain about your future. And that is ok. But look at your life in general – you have a job and an intellectual hobby. You are probably a family person. Have a lovely home and a lot to be thankful for.

Think about these things in times of despair and your loss is going to really come into perspective with the entirety of your situation. That is exactly what you need after a big unpleasant loss.

5. Get back into trading.

After a while you need to go back to the markets and face them. Do not let one small failure to scare you away from trading altogether. You need to trade once again and see – maybe the dark times or the bear reversal passed and the markets are now going to play in your favor.

Here it is important not to make rush decisions about your future, but give trading a chance after all.

6. Look for inspiration.

A lot of people tend to find inspiration and strength in a failure. Try being like them – look for inspiration in a loss. Inspiration for studying better, working harder and trading more frequently. If you are able to teach yourself at least something after a loss, this means that you are going to be just fine, no matter how many losses you endure. Although, the less, the better.

This is a day that both we and our members have been looking forward to. Today we are honored to bring you an updated signals service, from our Tools Trades team!

Design

You can see the updated design, which has also positively affected the usability of the service.

New Formulas

The innovations related to the functionality expansion and new features for our members affected many areas. For example, now 3 new formulas for trade analysis are available for our members. We have added three new formulas to the Artificial Intelligence calculation algorithms of our service which we have been developing for more than 8 years. This will enable you to get even more accurate data for your trades and be more successful with the updated version of our service.

Top Picks

We've added a list of recommended assets that is updated twice a day. Our members can use this benchmark to adjust their investment portfolios and have flexibility within rapidly changing markets.

Mobile version of the website

You could use the service from your mobile device before, but now we've optimized the website and made it faster, so you can succeed as fast as possible, anywhere in the world, just from the palm of your hand on your smartphone.

New Signal Options

For your convenience and to expand your investment opportunities we have added new currency pairs and many other new assets to the signals service. Check out all the new signal options on our website.

Digital Assets

We would like to make a special mention of the major upgrading of the electronic assets list. We have increased the list of available options multiple times. And now you can bravely enter the new era of digital assets trading with our service, which has proved its efficiency in more traditional markets, but now our service will confidently support you in mastering the new high-yield financial instrument, such as a wide range of digital assets. Also, our managers are always glad to help you, so feel free to write to our website chat room and get free financial consultation, or detailed instructions about our service features as well as other questions you may have.

Extended Team of Online Support Managers

We've expanded our team of online support managers, and now you can get answers to all your questions even faster. Our managers are always ready to give you a free consultation and help you develop the best strategy for your investment and success. With our service, you can reach your new horizons and heights. Do not hesitate to write into a chat on our website and support managers will always help you with the solution of your problems and questions.



AWARDS

We also want to say thank you to all our members and team members of Tools Trades, for the great work and achievements, which have been marked with many awards, which you can see below.

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Gold traded with a mild positive bias through the early European session, albeit lacked any follow-through and was last seen hovering around the $1,733-35 region. The XAU/USD, so far, has struggled to capitalize on Monday's rebound from the flash crash to the lowest level since late March and has been oscillating in a range over the past two trading sessions. Concerns about the economic fallout from the fast-spreading Delta variant of the coronavirus extended some support to the safe-haven precious metal.

That said, expectations for an early tapering of the Fed's massive monetary stimulus acted as a headwind for the non-yielding gold and capped the upside. The incoming US macro data, especially Friday's blockbuster NFP report, marked another step towards the Fed's goal of substantial further progress in the labour market recovery. This, in turn, forced investors to bring forward the likely timing for policy tightening. Moreover, the Fed officials have also started to guide the market towards an early tapering of the massive pandemic-era stimulus and higher interest rates as soon as 2022.

In the meantime, the US Dollar Index (DXY) continued to push higher after closing the previous two trading days in the positive territory and reached its strongest level in nearly three weeks at 93.10. Currently, the DXY is clinging to small daily gains at 93.04, not allowing AUD/USD to extend its recovery. Later in the day, the Nonfarm Productivity and the Unit Labor Costs data for the second quarter from the US will be looked upon for fresh impetus. More importantly, Cleveland Fed President Loretta Mester and Chicago Fed President Charles Evans will be delivering speeches. On Wednesday, Westpac Consumer Confidence Index data for August will be featured in the Australian economic docket.