It is popular opinion sometimes that a trading strategy might no longer be effective if one begins to loose money while trading instead of gaining.
An important question i ask myself whenever i hear about people complaining or simply discussing a series of consecutive looses they have made while trading using a certain strategy is;
HOW MANY CONSECUTIVE LOOSES IN TRADING CAN YOU HANDLE BEFORE YOU ACCEPT THAT YOUR CURRENT TRADING STRATEGY IS BECOMING LESS EFFECTIVE?
It is definitely our available capital dependent and at the same time I'm having the principle of immediately stopping right after a loss. This will help me not facing consecutive losses due to sudden change of market conditions. So, whatever strategy I will be following in one particular day, I may not go for consecutive losses as I will be taking time to analyse for what casing me losses and how a loss happened on my first loss itself.
Usually traders are trying to recover their losses on the day itself which might be the reason why they are facing continuous losses regardless of their strategy and market volatility. If you are taking time by realizing like there are enough opportunities are available for every day and there will be no need to rush on the same day itself, then we can avoid more losses happening continuously.