HOW MANY CONSECUTIVE LOOSES IN TRADING CAN YOU HANDLE BEFORE YOU ACCEPT THAT YOUR CURRENT TRADING STRATEGY IS BECOMING LESS EFFECTIVE?
Using the same strategy twice is enough to say if that particular strategy is effective to gain.
If its not working anymore then its time to think of another strategy that can be effective. We dont need to stick in just one, we must have a plan B just incase.
Hence its better to have a plan rather than using a random strategy because its risky. Trading needs knowledge in order to do the right thing and to avoid losses as much as possible.