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?
Facing losses is not a big thing when you are trading along with calculated risks. It means you must risk in your trading only what you are able to afford on the event of losses. Most people never think about hitting stoploss and that is the reason they will get frustrated when stoploss is happening accidentally. Moreover it is not right to call it accident because we should expect hitting target and hitting stoploss at the same level of probability; hitting both must be having equal chances. Only people who are able to understand these facts could come out of the losses and start focusing on next trade.
Yes, only people who are able to quickly accept losses will get chances to recover it quicker than any other traders. It means thinking and worrying about losses will not help any trader but we should come out of it so that we can recover from another trade. This is the basic rule every trader must remember so that they can easily handle losses while trading.