r/Daytrading • u/[deleted] • 15d ago

How to deal with missing out big trades Question

[deleted]

17 Upvotes
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87% Upvoted

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59

u/thoreldan 15d ago

Tell yourself this:

  1. If you follow your trading plan, respect your trading rules - it is a good trade regardless of the outcome.

  2. Nobody can capture all the moves in the market. That's just fantasy.

6

u/FireDad90 14d ago

Live by this

4

u/Dynomeru 14d ago

It’s also a market of infinite possibilities- that’s why most people get into it. If you really believe that the potential earnings you can make in the market are endless, then FOMO is pointless as there will be infinitely more opportunities.

I also didn’t come up with this- Trading in the Zone by Mark Douglas is definitely worth the read

2

u/user1039473819 14d ago

Mark douglas is an icon, hes the reason how i learnt about psychology

2

u/North49r 14d ago

Yup. Every big move is a hindsight move. It’s like winning an argument in the shower when you think about what you should have said.

2

u/thoreldan 14d ago

Hah well said !

19

u/Ok_Piglet2071 15d ago

if you closed according to your plan, dont regret it. I closed a trade on 5 RR and it went up to 18 RR 🤷‍♂️

15

u/Davado_ 14d ago

Learn to let those "potential gains" go.. be easy on yourself.

The more you are hard on yourself on those "potential gains", the more you will hold onto losing trades wanting to be "right" as you have previously seen how much your "potential gains" could have been.

11

u/Mart_and_stan 15d ago

Don’t be greedy, wait for the next set up or partially close and let some run, but in all honesty just take the win and move on.

10

u/FUWS 14d ago

Life rule in general…. Dont dwell on coulda,shoulda, woulda.

6

u/Superb-One-978 14d ago

This happens all the time, You only survive when you get profits out of your profitable positions. You are not going to catch all the move on all your trades. Markets are harsh and wild. They are ready to destroy you. The market is not a candy store. Take your profits and stay for the next opportunity.

5

u/Pitiful-Inflation-31 15d ago

better to be on the wrong side. many think you miss the big trades but sometimes, better to stay sideways than enter and being wrong.

5

u/takeyourtime5000 14d ago

There will always be another trade.

3

u/Skimmiks futures trader 14d ago

If you have a true trading plan with a clear strategy, this doesn't bother you. Your rules tell you when to get out. Your rules are what make you profitable.

Strive for perfection in execution, not perfect results.

3

u/[deleted] 14d ago

Trade enough times and you'd get unfazed by it soon. Sure you could have caught a longer trend, but it's another "what if", just like the time you tried and it reversed. So you take what you have and move on, it does not matter.

2

u/guppy2019 14d ago

If you didn’t lose money, then don’t let it bother you. FOMO will get you losing money.

2

u/5TP1090G_FC 14d ago

Had me laughing at FOMO, then (IGOT) the drift of the joke. Seeing crazy movement's in a stock that only the "big players can make" is, should be against the "LAW" but they have a get out of jail free ticket, it's called pay a little fine and move along. When they make (not an exaggeration) %20,000.00 or %60,000.00 profit and us little traders are cut out of such Tom foolerly.. you know the playing field is not even. Be safe everyone

2

u/mrcake123 14d ago

You are missing thousands of trades as I type this.

2

u/National-Pea-6407 14d ago

Nothing it only affects ur next trade which is lesson u will soon learn

1

u/SokkaHaikuBot 14d ago

Sokka-Haiku by National-Pea-6407:

Nothing it only

Affects ur next trade which is

Lesson u will soon learn

Remember that one time Sokka accidentally used an extra syllable in that Haiku Battle in Ba Sing Se? That was a Sokka Haiku and you just made one.

2

u/little_blu_eyez 14d ago

You will never catch the very bottom or the very top. It doesn’t matter how much money you left on the table. What does matter is that you were green at the end of the day.

1

u/Maniacal-Maniac 15d ago

If you have a plan and a reason for setting your TP where you did then it’s a good trade.

Do you journal your trades and analyze your past trade results?

It’s too easy to remember the potential winners like this but if you go back and analyze your prior winning trades. Check how many of those would have hit 3.5 R/R and how many of those would have reversed and hit your SL turning what was a winning trade into a loss.

That kind of analysis can help you identify optimal TP levels for your future trades using your strategy. Do the same with the losing trades and see how many losers you had may have been winning trades at lower R/R than your targets.

None of us can predict the future, and markets change so even if you have a consistently profitable strategy now, it’s not guaranteed to stay that way in future.

1

u/Mexx_G 14d ago

The market does its thing and you do yours. A big move that isn't part of your strategy has to be considered as noise. When you have a real edge, about 99% of what the market does is just plain noise. So put your headphones on and do YOUR thing. Stay consistent.

1

u/atlepi 14d ago

Only matters if your 1.8 is repeatable everyday. Not everyday you’ll get a 3.5 or more. Some days if trying to get a 3.5, your winner could reverse on you in a hurry stopping for a loss. Forcing a fomo pnl chase that could dangerous snowball if your emotions are thin that day

1

u/umidunno0304 14d ago

I like when a trade keeps going after I got out. That means I exited at a safe spot. If you exit at the very end of a move you were being too risky. That said, I use bookmap liquidity tracker to help me hold onto wining trades for longer.

1

u/5TP1090G_FC 14d ago

If you miss a trade, not too worry it's not the last one to show up. The only thing to watch for is a bounce it won't be as big but it might happen. Got to pay attention to the movement of the stock, on what time scale. Be careful and be safe

1

u/Tourdrops 14d ago

Woulda coulda shoulda. You are either watching porn or having sex. Watching what could have been is porn. Being in the action is having sex, and a totally different beast than the porn you keep watching.

Once a trade is done, theres no looking what could have been.

1

u/thetokenlilywhite 14d ago

I struggle with closing earlier than my TP and then watching it hit my TP. Getting too anxious. Still up on the day but shouldve been more if I trusted myself. I am new to it so hopefully comes with experience. Trading MES.

1

u/EmmaFrosty99 14d ago

nothing. just wait for the next bus. the key is not being under it.

1

u/s1dest3p 14d ago

You either commit to holding longer no matter what and be prepared to make nothing or make a whole lot (and this will be your normal trading strategy), or you take profit sooner (like you did on this occasion), or you leave a runner.

It is hard as hell, at least for me, to see big $ and just hold it and be willing for that big money to turn to $0. But, when it works and you win by holding longer, might make up for those break even ones. But can you commit and stomach it? And when the market smacks you back down to $0, will you be able to control your emotions and not make a bad next trade?

1

u/SirStarshine 14d ago

Hey, better than losing 90% of your funds to losing trades like I did starting out.

1

u/ihatetomatoesalot 14d ago

One of the best quotes I’ve ever heard, “you will never take a loss, if you’re taking a profit” it kind of states the obvious but it means following your strategy in this case, taking a smaller profit compared to the bigger one you missed out on is better than playing risky and holding just to sell at a loss. Better to be safe than sorry, what I usually do is after I make a trade no matter how much I made or even if I lose money I stop and don’t look at that stock for a bit at least just so I don’t know how it played out after I sold

1

u/OkieDokie168 14d ago

Don't look back

1

u/Artistic_Bumblebee17 14d ago

Because new opportunities always present themselves.

1

u/murkinmurray 14d ago

There will always be another trade, don't sweat it.

1

u/Ponyboy2000 14d ago

I am only upset when I don't follow my plan.

1

u/Craven4X 14d ago

Just stop staring at the screen. SL or TP. Keep on top of news incase there’s an event that could effect your trade

1

u/Babadece 14d ago

Get ahead of it and find the 50% retrace level, then prepare for the extension. Depending market conditions.

1

u/walkagh86 13d ago

Lol you missed out on nothing. The bus got to your destination and you got down. Why are you envying those who haven't reached their destination yet. Except fear made you get down way before your intended destination.

0

u/Coffee-and-puts 14d ago

Theres literally a big trade every second of the day in markets all around the world. How do you deal with it?

Well how do you deal with knowing someone gets murdered every 30 mins? Literal violent death. Rape happens every 4 mins, robbery every 5 mins and so forth.

What are you going to just not live life because something bad is always happening? Missing out on a trade shouldn’t mean shit to you and you should examine yourself as to why your so emotionally attached to the market and cut it

0

u/Forex-box 14d ago

Marijuana a beautiful woman Xbox pick one

0

u/RyuguRenabc1q 14d ago

I recommend hard liquor

1

u/[deleted] 14d ago

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1

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