My observations are that some of the traders stop trading for short period of time, maybe to avoid the "revenge" deals. Other start thinking what's went wrong and spent time on analyzing which is a good thing but it is not working for me. To be honest, I can't understand what's went wrong right away, usually I need to gain more experiece. Another group just go outside and have a drink, which I highly recommend. You already know how do I handle my loses, so what's your way?
It's painful :)
ReplyDelete"The most important thing to do if you find yourself in a hole is to stop digging."
ReplyDeleteI analyze what I've done wrong so I can avoid repeating the same mistake next time.
ReplyDeleteLearn to accept defeat every once in a while as we need to remember that trading is a long drawn out war, and not a single battle. By protecting your ego and your account today, you have assured that the losses incurred are small enough to easily overcome tomorrow.
ReplyDeleteWhit every loss I try to learn and understand what can I do better to prevent future losses.
ReplyDeleteIf I make a mistake I simply stop trading for a day or so and I consider my mistake so I can do better in the future.
ReplyDelete