Yeah right!
Rather than forcing things, it's better to take a short break and make a fresh comeback later.
What to do when you are ready to lose your mind from trading?
- Thread starter 7out
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Rather than forcing things, it's better to take a short break and make a fresh comeback later.
Turn off all your chart indicators and turn your monitor sidewayz.
No joke, this may help you.
No joke, this may help you.
That’s what I usually do. I take breaks, and come back again to see where I was lacking.
Did you maintain a trading journal all this while? Perhaps
you should go back in time and evaluate your mistakes. I’d suggest you to measure profits you made on winning trades and the money that you lost on losing trades. The possibility is that you might be losing more on a few losing trades than you are making collectively through your winners.
you should go back in time and evaluate your mistakes. I’d suggest you to measure profits you made on winning trades and the money that you lost on losing trades. The possibility is that you might be losing more on a few losing trades than you are making collectively through your winners.
Sit back and relax, find out the areas that needs to be improved.
I think it depends on what it is underpinning my poor run. Is it a poor run of variance over which I have no control but my statistics suggest that providing I am practicing good risk management I can outlast? Or is it directly as a result of not sticking to my trading strategy and psyching myself out? If the former I am happy to trust the law of large numbers. If the latter then I will step away for a few days. Maybe go back to demo trading to get back into the groove before risking live funds again.
All have the same plan but no one do it actually. In real everyone is busy in making the new plans to have better day.