Hello Folks,
Have you ever had a series of losing trades? In the sense that you go in one direction and the market turns in the other direction. You try to quit the trade and enter again only for the market to revise in your previous position or you have had a series of losing trades that you start doubting your confidence in analyzing trade.
Can you share your experience of how you were able to put up courage and come back to trading? I will also want to inquire what action should somebody take if he/she finds himself in that position.
Unfortunately, I am not someone who dares to return after experiencing consecutive losses because consecutive losses are enough to damage a trader's mentality, especially if the capital he uses drops very far or when he doesn't stop loss and only sees his assets continue to fall unstoppably. I know many traders who have succeeded in coming back and being able to make a profit, but it is not easy to be able to accept defeat and if you really want to come back, it is better to start analyzing the causes of defeat and continue to improve trading skills and use only the money we can afford to lose, or start by lowering the profit target so that you only take 2-5% profit on each trade but do it regularly by first doing a good analysis.