Hey,
I believe I have caught myself in a loss-chasing cycle. It's gotten to a point where I am now using my overdrafts and my final cryptocurrency investments to try and recoup any losses I have previously made.
The lower my funds get, the riskier my trades get, and the higher the leverage used. In total, I have lost just under £10,000. This is becoming more and more depressing as time goes on.
How do I safely recover my losses, preferably over a short period of time?
Just be calm and if needed then better to stop and mind of or check on where you do commit some mistakes. Observe your trades and realize on what you had done
because if you do tend to make up trades with that kind of motive where you do need to chase up your losses then this will really just in result with some gambling-type like of trading
or basically you arent on the right mind on making serious analysis or would able to follow it. So my suggestion? this is a trial and error thing and dont make use of large amounts
into your trading positions. Try to find out on where you do made bad calls and learn from it.Dont rush up and dont get panic yet you can make use of smaller amounts-
it isnt needed or necessarily to be big and if you do really like to trade then try to find out.
Thanks. I'll have a look and make some notes. My only issue is that funds are low, so it's very difficult not to go 100% in on high leverage. It is possible that I feel a sense of urgency to get these funds back.