Here is a simple trick that can help you turn your losing trading strategy into a profitable one.
First, you need to understand that financial markets (stocks, cryptocurrencies, forex) only move in two directions: they either go up or they go down. In reality, this is the only thing we can be certain of in the markets — they are either bullish or bearish.
So, if you already have a losing trading strategy, you can make it profitable by intelligently reversing your entry zones. Simply try doing the opposite of what you usually do. Take the time to rebuild your strategy and learn how to identify liquidity.
Easy to say but it would be that hard to do it specially if you are on the actual situation. Why?
•You would be mainly thinking that what if your original analysis or plan would play out? For sure you would be ending up on regretting.
•It would be a test of emotion whether you would be doing against your initial analysis or would be going against?
•You would be thinking, what if that it would be that right this time?
The main enemy you would be having on this one is yourself on which it would be pertaining about emotion and psychology on which I can say that it would be mainly the hardest thing that you do need to go against with. You cant just that make yourself that easily apply this idea because just like been said that it will be talking about emotion control and discipline towards your own methods and ways.
Next thing on here is on how you would be able to apply it all into your strategies.
There's no point on making up analysis if simply you would be that going against it on the first place. Although there's a sense about going or reversing out those losing strategies and making use of them
and if you are that very curious or wanting to have some experiment then you can always choose up to test it out but of course you should be only spending into the amount that you can
be able to afford to risks on.
Emotions are easily controlled if you have a strategy you are sure of. If you have confidence in yourself and you know what you are looking for.
You must understand that all losses in trading are not due to psychological problems .
But rather to the lack of strategy.
And if you have to invent your strategy to become profitable, you have to do it because the exciting strategies were invented by the great traders at a time when they had fewer tools. Don't just rely on what exists, think about creating for yourself even if it won't make you a millionaire in two days. This will help you not to burn your account.