What to do after loss

It is a good suggestion . I want to know is it advisable to just observe market and

Thank you for your great suggestion and I also want to know is it advisable to just observe the market and get an understanding of the market movement for a while before restarting trading

 

It is a good suggestion . I want to know is it advisable to just observe market and

I specifically seek for other people's opinions because of this, specifically because of further losses. In my plan, I must determine the cause.

 

Yes, and reacting emotionally can lead to even greater losses. It is good to step back and assess my strategy and my trade.

 

Finding the cause is important, and if it is outside of my control, I need to adjust my approach.

 

This seems quite risky to me, and it doesn't fit into my risk-management strategy.

 

Yes, every loss offers an opportunity for growth.

 

"You've got to lose,
to know
how to win,"

Dream On.
Aerosmith

 

Nah wont make any difference. Some trades just aren't gonna work out.

 

Sure but observing on a superficial level won't help you much, you have to go deep until you go oh this will help me deal with the likes of my last mistake.

 

Gonna run a little sumthin... sumthin by you - see if it sticks


There are essentially two types of uncertainty associated with trading

First - is embedded organically within the mkt - we never know what price is going to do next - irrefutable fact of our existence / occupation

This is manageable


Demonstrated by your response - I think you have the second.., which is

When we lack

Skills.., and trust in our skills
A definable and repeatable approach - to the mkt / to our trading
A lack of price reading ability
A lack of knowing - losers do happen - our only recourse is to stop out for a loss - 100% of the time
Confidence to know we will do the right thing - every time - no matter what
Ability to get out of our own way

This can be categorized as internal uncertainty - and it the absolute hardest to overcome

Step way the hell back - reassess every damn thing about you / your approach / your mindset/ tear down what needs torn down..., then rebuild it

Next time you think you're ready - likely you won't be - get on sim and trade that for good while - while watching how price moves


ETA - otherwise build a systematic approach that is 100% totally programmable - and let it do the heavy lifting - but know periodically it will need revamped as the mkt changes

Systematic approaches also experience losses


Free advice - take it or not

RN