Quote from: harapan on February 22, 2025, 05:11:10 AM

Quote from: pawanjain on January 30, 2025, 06:07:44 AM

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.

This is where it is important for us to have a small note of ours when we trade, when we experience results that are not as expected, it is true that taking a break or reflecting for a moment can affect our next decision to trade again, from failure or decision making we can learn what is wrong with the decisions we make. Yes, what you mentioned is true, we cannot say that it is greed in trading, it is common when we want to trade, of course we want to get profit from there. Indeed, to become an expert trader takes a long time, it takes sacrifice from everything, both time and money that we spend.