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 me, trading is a gambling game and it depends a lot on your performance and luck. When your trading system is not working well for a long time, you should stop and stabilize psychologically. Wait for the market to enter a new phase to continue trading. sometimes the losses don't come from the problem of your trading psychology or trading system, just because the market at that time was chaotic. get rid of that kind of market, wait for it to stabilize and then continue to make money. That's the way I usually do it.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.