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?
I think two times is enough for me. Can’t continue to lose the third and fourth time like some people said they would do. Nah, once I even lose the first time, I start looking for another solution, and see to it whether there is anything I have done wrong this time around and the second time is for me to confirm that I haven’t done anything different from the way that I have been doing things right from time, and it will be a confirmation for me that I have to try something else. So when it happens the second time, consecutively, I quickly change the strategy and look for another way to go for it.