Re: When Trading becomes Unfavourable

There are few factors that leads to unfavourable trading, these factors includes Greed, and chasing a trend, Traders are expected to encounter Challenges during trading and relating these challenges with people's experiences can be the key in solving the challenge,
Sticking to the trading plan is also good to avoid unfavourable trade as changing plans in the middle of a trade Can really lead to a loss in trade.

If the trading pattern you stick to stops working for you, and you probably stop gaining profit from trading, then it is time to review other trading patterns and make some changes because no one wants to lose.

Greed is not always favorable, but following trends pays sometimes when you do good research about the trend and take caution before starting to follow the trend.

You know when you learn trading as a skill you will have different techniques to trade when the first and second methods fails you, what i want you to understand in trading is that you have to know exactly the needful and the necessary things about trading..it's people who did not learn the procedures of trading that doesn't know the strategies of trading and how to overcome the risk and the obstacles and challenges you can face or encounter in trading, so we don't need to depend on one method of trading

In my opinion, if the strategy you're using is not working for you, doesn't mean it's working to others. Sometimes the problem is us, we have different level of patience and discipline, also we have different execution in trading. So if you're still losing with trades, make sure you have journaled it to identify the mistake you made. Ofcourse in the first place, you have been backtested your strategy. In a couple of trades even though you're doing your best but still losing trades consistently then that's the time you have to find another strategy that works for you.