Just as the title says, what do you when the day is not good for you and whatever trade you pick goes against you ?
I was making consistent profits from last 3-4 days but I guess today is not my day.
I picked a trade and lost but then recovered the lost and made profit in second trade.
I could have exited with profits but then I thought of making more profits but the rest 3 tades I picked were on the losing side.
Thus I ended up losing all the profits made in last 3-4 days. Please don't start with greed related stuff but how do you deal with the day ?
Trading comes with its disadvantages and perks but one must always have a set risk to rewards ratio so as to know when to leave and exit the market. With that being, how I handle a losing day is by first accepting it is my mistake, reviewing and journal the trade then leave my screen so as to avoid revenge trading and read psychology books. Basically capital preservation should be considered because there are a lot of opportunities