Quote from: Issa56 on July 14, 2024, 09:35:11 PM

Quote from: laubeaud on July 05, 2024, 05:10:07 PM

What do you do when you take a loss?

I know losing is normal in trading, so if I lose in a trade, I don’t take it as anything special, because I know it’s normal, but whenever I notice a continuous loss in my trade, then I do stop trading for that time just to calm myself, check the causes of my loss, and if that’s what I will have to do more research about, then I will do it. If you are a trader and you have a trading strategy that works for you, don’t think it’s going to be forever, things do change, so you have to keep updating your strategy as well. Sometimes when I make profit, I always take my time to check things that I did that made the trade to be a successful one, and when I lose, I do check the cause of the loss.

This is what makes a lot of traders to eventually burn out, unlike investing in which there are great strategies that have passed the test of time, this is not really true for traders, a strategy may be successful during a period of time, but as the dynamics behind the asset change and the market evolves, what worked yesterday may not work today.

Forcing the trader to once again try to find a way to make money on the markets, and lose to them a great deal of the money they could have obtained during the period in which they were profitable.