Hey,
I believe I have caught myself in a loss-chasing cycle. It's gotten to a point where I am now using my overdrafts and my final cryptocurrency investments to try and recoup any losses I have previously made.
The lower my funds get, the riskier my trades get, and the higher the leverage used. In total, I have lost just under £10,000. This is becoming more and more depressing as time goes on.
How do I safely recover my losses, preferably over a short period of time?
Actually this is a common cycle of traders on this market.
First, you will trade in a very lucky way and you will make a lot of profit from this market. After that, you will fall into a subjective cycle and become greedy; And I'm sure you are on this cycle.
Honestly, trading to get back £ 10,000 that you have lost in a short time is impossible. Because your greed will rise again and you will lose again.
My advice now is that you should rest for a while, trading in a stressful mindset, the more you will lose. Keep your mind clear and create a new safe trading plan, if you are serious, you will soon get your money back.