IF YOU KEEP LOSING TRADING THERE ARE THE WAYS TO OVERCOME IT...
👉ATTENTION PLZ NEWBIES
take your notes ready......
A losing streak happens when a trader loses a significant number of trades consistently over a long period of time.
📢Many times this is caused by three factors:
👉Lack of experience: If you are a newbie when it comes to trading, it is better to use that a small fraction of your funds to get important trading information instead of entering into the market unsure of what you are doing.
👉Revenge trading: This usually happens after a trader takes a huge loss and tries to re-enter another trade to make up for it. Obviously a bad decision!
👉Sentiment trading: These means when a trader takes decisions based on their feelings or intuitions of what they think is going to happen in the market
👉A losing streak can result to stress trading because the trader starts to feeling de-motivated by his trading outcomes.
👉It's been said that losing streaks are normal, as it usually happens at to many traders at some point but it's important to expect them and know what to do deal with it.
📢Here Are 2 Ways To Make A Comeback After A Losing Streak
👉1) The best thing you can do after losing some trades is to walk away. These doesn't mean you should completely stop trading but a more preferable option will be to get up from your desk or drop your phone and do other things asides from trading.
I know that is easier said than done, but it's important to do this to avoid incurring even more losses.
👉2) Building your confidence is not rocket science. Most times when losing trades the first thought is “how can I make my money back" but this is not a good way to handle your trades.
👉Trading confidence has to be built slowly. By practicing with smaller capital, you can slowly build back your ability to win trades again.
👉When the risk stakes is low, you will most likely to succeed because you are taking off that pressure of yourself and learning what works and what doesn't work.
