Manage your Stress and Mental Health when trading Forex
Any professional trader who tells you otherwise that they trade without stress is probably just boasting and not giving you an insight into what trading is really like.
One of the misconceptions surrounding successful trading is that a losing trade is a bad thing. As traders, we expect to lose some trades, which is why we have stop losses in place. If the stop loss price is hit, this automatically exits us out of that trade at a loss. More importantly, it limits our loss.
Winning trades are allowed to run for as long as they are producing. Some traders do use limits, which means they have a specific profit target. I personally don't, as I have no desire to exit a winning trade while it's still producing profits.
Anyway, it's a numbers game. You enter many trades and only expect a certain number to be successful. You exit the others as quickly and as cheaply as you can, and only keep the winners. You adjust the stops on the winners to protect profit as they move in your favor. Eventually, a revised stop loss, now at profit, will take you out.
You can't be in just one trade hoping it's The One. You have to be in many. And a large percentage will be losers. And that's ok. That's the way it works.
When you’re trading only one pattern, like reversals in this question, it is likely that you perform better on range bound market behavior than in trendy phases. As a professional/experienced trader you know that, you know that you can’t always perform best, you know the limits of your strategy. There should be no reason to feel stressed because of that. But then, we’re all human so it is possible that, perhaps in a combination with other events, you will still feel stress but I would say it is much more likely to occur because of that combination of events and not just due to the market behaving contrary to your expectation or preferences.
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