Taking consecutive losses in trading has led to a lot of blown accounts.
Losses affects us psychologically and doesn't make us think logically.
Just wanna know how you get yourself back in right state of mind after taking a loss or better still, how do you handle losses?
Share your experiences and techniques, this will be helpful.
Have a limit to yourself about how much loss which you are willing to afford for that day, once you exceeds then just stop the trading activities for a while no matter what you feel inside and just wait for the right time to begin your trading into positive side.You can also use stop loss feature to reduce the risks of getting over blown.Losses affects us psychologically and doesn't make us think logically.
Just wanna know how you get yourself back in right state of mind after taking a loss or better still, how do you handle losses?
Share your experiences and techniques, this will be helpful.