Monday, November 18, 2013

Best way to manage losing trades

The best way to break a streak of "losing days in a row" is to not trade for a day. The one thing you must accept as a fact is that the market will open whether or not you are going to trade today. If the market seduces you into feeling "I gotta be there" every minute that the market is open then you are setting yourself up for the possibility that you could go into a losing streak without a life jacket to pull you out.

So sit back and think about changing your systems and strategies. Test a new method. Paper trade for few days and once you are satisfied only stick on the new system


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