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.
It has not been an easy thing to do man. There are times I will be trading and lose a money that I don't want to lose, I will end up feeling really bad that day. When we are not getting practiced to losses in trading, passing the day after a loss will be feeling like leading life in Hell. I can remember the day I lost money and I couldn't even eat lol 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.
. I was just there feeling really bad. Well, that was in the past, I have learnt a lot and also how to manage my risks. I think anyone that wants to be a day trader or even an investor should learn risk management, it will help them a lot. You should know the level of risk you can tolerate and stick to that level. This time around when I lose money I don't bother much, because I know I will still be able to cover up in few days.