IF YOU ARE IN A MASSIVE LOSING STREAK THIS THREAD IS FOR YOU

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As a trader you will face the trial of a losing streak how you handle it will either break you or make you. Some traders may decide to take a break from trading, which in my opinion might hinder their trading statistics.

Imagine a scenario where you come back from the losing streak and you are welcomed with another losing streak 😂... Other traders will keep on hitting the market but with a lower risk, while another group of traders will keep hitting the market with the same risk or increased risk (aggressively).

With these few steps, you would be able to find the best method to handle your losing streak:

1) Know your statistics: we all know trading is highly backed by statistics therefore if you have a good win rate statistically there is nothing to be scared of in the long run.

2) Understanding the concept of probability: you have to understand that as a trader you can't predict when or how it would happen by this I mean, you may have a 50% win rate but you don't know if it come in a (WWLLLLLWWW) or (LLLLLWWWWW)

3) Consistency: this is why I won't take a break during a losing streak, because once you do you alter the statistics and it may not favour you

4) Review your trades: try to find out why you lose your trades if you find yourself deviating from your trading plan then it is time to take a break, you might need to work on your strategy, psychology and discipline.