What to do after loss

Discussion in 'Trading' started by ThaddeusFinch, Aug 18, 2023.

  1. maxinger

    maxinger

    When my day loss reaches $999, I stop trading for that day.
     
    #41     Aug 24, 2023
  2. Businessman

    Businessman

    How many times a month (or year) does that happen on average?
     
    #42     Aug 25, 2023
    MarkBrown likes this.
  3. Do you mean Martingale strategy? It has a high risk and may lead to larger losses.
     
    #43     Aug 25, 2023
  4. newwurldmn

    newwurldmn

    If that might lead to larger losses, you should quadruple your size.

    * in case you can’t tell, I’m being sarcastic.
     
    #44     Aug 25, 2023
  5. I know your points highlight the importance of having a well-defined trading system and managing emotions, and maybe I am on the wrong path because of this. I need help and other people's suggestions.
     
    #45     Aug 25, 2023
  6. It is not something that can be fixed and changed over time.
     
    #46     Aug 25, 2023
  7. I do apologize if there was any confusion in my previous response. I was just seeking for assistance.
     
    #47     Aug 25, 2023
  8. newwurldmn

    newwurldmn

    Don’t apologize. I was shit posting
     
    #48     Aug 25, 2023
    ThaddeusFinch likes this.
  9. Redneck

    Redneck

    yes..., over time..., and proper work

    It the tuition we all had / have - to pay

    RN
     
    Last edited: Aug 25, 2023
    #49     Aug 25, 2023
  10. Redneck

    Redneck

    Start a journal (in the journal section of this site)

    https://www.elitetrader.com/et/forums/journals.29/

    Ask specific questions

    Be specific with your issues


    Trust me - you ain't goin thru / experiencing anything the rest of us haven't


    Internal uncertainty - IS A BITCH..., but also solvable


    RN
     
    Last edited: Aug 25, 2023
    #50     Aug 25, 2023