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 ?
Is to go on a break, most definitely when something like this isn't working so well a short break will do and as well trying to understand the reasons for it. This is s huge loss I must say and I won't say it's greed tho this is a similar trait to gambling and when you are undergoing such losses you ether stop for a while or you gamble with what you can afford to lose, but since they are kinda similar I think you should apply this formula too and see how best it works for you.
I would say that it will work somehow on which diverting your emotions into something else will be easing up that disappointment on what you have been dealing recently on which it could cause up that avoiding potential even further loses on which this is really that an advantage, but of course if you do want to harness out your trading skills and knowledge then it will be that a common sense that you do need up find out or look on whats wrong with the recent trade that you have done. Trying out to analysis on why it did turned out to be a loss? Well, we are fully aware on how unpredictable market is, but it doesnt mean that you wouldnt be caring up that much on how you would be setting out those back up plans whenever it do happens. On the time that you do find yourself that being prepared for these things then you wont worry up that much or you wont really be that much reactive in compared into those people who dont have back up plans for such scenarios. Whenever you do make out such dealing up with unpredictable space then it will be that understandable that you should really be that versatile when it comes to mindset and emotions on which dealing up with this wont be simple but it doesnt mean that its impossible for you to be profitable.