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.
Everyone has a series of losing trades. You can say that this is normal. Only those who do nothing do not lose, especially when the market behavior is unpredictable.
If you get into such a series, then it is important to take a break and take a few days off from trading. Otherwise, if you want to return the losses, then things can get even worse. Also set stop loss and stop profit - sometimes we can't control our emotions and greed and wait for bigger profits.
Also, if you are in a bad mood, then you should not trade, a bad emotional background can have a bad effect on trading.