this isn't anything ground breaking, but i still think it's good. if you have a way of trading that makes money...and say your loss rate is 50%, there is only a 6.25% chance you will have 4 losers in a row. when you have a loser, or a series of losers, what you should think to yourself is: "a win should be coming up soon" or something. so there's really no need to be discouraged by a few losing trades, as long as they're not abnormal. for example, on friday, my first 2 trades were small losers. i knew i would take the next trade no matter what, but just to feel better i thought to myself that i'm probably due for a winner soon. my next trade was a big winner.