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?
OP firstly what do you mean by consecutive losses? Does that mean our whole capital is lost?
As in trading you don’t lose all of a sudden.
It’s an up and down moment.
If you say me about this thing, then recently i had bought some coins of 2500$ by getting a tip.
And sadly due to my luck, it went down to 1300$.
Then I realised that my strategy is not good and i quickly started my backup plan.
Everyone faces something like this and i am damn sure.