What to do after loss

ThaddeusFinch

ThaddeusFinch

hi there,
I have a question for you and would like to hear your opinion. Is it advisable to stay away from the market after your losses?
Thank you in advance.
 
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What kind of losses are are you talking about?

Something that gutted your account, and now you don't have enough money to keep trading?

So you are asking if you should walk away, or move new money into your account so you can continue trading?

Or did you just have a really bad day, or a really bad week, where you lost, like, I dunno, eight percent of your account value or something?
 
One loss is usual business.
Focus on the next trade.

But 2 or more losses in a raw ?
Step back. Market is telling you something.

Tomorrow is another day.
 
This begs the question, "why did you not have a loss in your trading plan?"

It is inevitable, but if you did not plan for it, then obviously you did not have a real plan. Probably a plan about making money, full stop.

If you do not know what to do, you need to stop trading and figure out how a loss fits into your overall strategy.

You will have more losses, despite what some fake Youtube guru might say. ;)
 
Years ago before funding firms came along i played with my own fund. A good whipping from the market usually got me into frenzied mode. I mean playing almost 24 hrs to try to get my money back except for when the market closed for couple hours or i followed my position half asleep until kaboom then i had to work to get a stake for startover. But these passionate moments when my attention was on the outcome of each candlestick was actually good training. You can actually learn a lot from losing if you don't get killed first.
 
You can actually learn a lot from losing if you don't get killed first.
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s Trader, I like your comment.

Definitely every loss is a lesson for improvement.
 
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