How do you deal with Starting the Day out with Losses?

Well almost invariably I start the day with a loss.. Why? Because I am sleepy/out of tune with the market / slow to react.

I'm used to it, it's only small - about 5 DAX points or $130. I don't like it but I know my next trade or the one after or the one after that will give me 15 to 20 points - $500 plus.

If I stop trying I will definitely lose..

On my worst morning I had 4 losing trades in a row - $475. Then I had one nice trending trade and made 30.5 points or $780 and finally ended the day +$482.

Did I sweat? Not really. I know my systems work , I know I will lose money at times, my stops keep me from losing too much and since I run trailing stops and leave trades to run (unless there is a very obvious reversal at support or resistance) then my winners should outrun my losses..
 
Quote from Flashboy:
I've noticed a repeating pattern in my trading.

On days that I start out with a loss I tend to lose my discipline, take mediocre and/or bad trades trying to catch back the loss.. needless to say only to make the loss even bigger..

Has anyone else had this problem?

Any suggestions on how to help overcome it during the trading day??? There are so many emotions to deal with as it is.. starting out with a loss really hurts me..
More...
"I tend to lose my discipline" - You answered your own question - discipline!!!

If you have a winning system follow it - stop with the "story" and follow the system.

I did the same thing while tracking what my system would have done - I lost, it made $$$

Finally I had had ENOUGH and stayed with the system even when I started the day with a couple losers - the system always brought me back to profit (at least 95% of the time).

Become your own best friend - if you have a winning system always follow it, if not don't trade!

Good luck - remember it is not a contest between you and the market, it is between you and yourself!

Oten
 
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