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.
Losses are not something I worry about these days because I mind how much I invest in trading. And I know for the fact that whatever I lose I will always recover them after some days, so it's never something to worry about. I only had serious problems when I was still a newbie. And the first time I lost big money it affected me seriously that I decided to quit from anything cryptocurrency for a long time.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 also angry at myself for choosing to trade cryptocurrency, but I was wrong because I never took out time to learn how it works. After I decided to go back and the first thing I did was to learn everything that I'm supposed to learn but skipped at first. I think when you're losing, the best thing to do is to stop trading for the day and take time to go through everything and maybe you can continue trading tomorrow.