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.
Losing your hard earned money is very difficult to deal with but of course you have to be more professional when it comes to trading so you won’t lose that much. I always set my cutting loss price so I can minimize my losses and its very effective so the next time I trade it should be base on my homework, and not just by any speculation. Stop putting too much emotions on your trading, be professional and be a winner.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.