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.
To start with, the advice has always been to not stake what one can't afford to lose. Now to cope with the loss, just view it as one of those things in life and remember to focus your mind on millionaires who lost a lot of chances and finances before finally hitting gold. Think about the Ali Baba guy, Walmart owner, Bill Gates, or Mark Zukerberg and console yourself with their history in hope that one day your day of discovery will roll in.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.
But more importantly, don't trade what will hurt you if you lose it.