What to do when you are ready to lose your mind from trading?

Yeah right!
Rather than forcing things, it's better to take a short break and make a fresh comeback later.

 

Turn off all your chart indicators and turn your monitor sidewayz.

No joke, this may help you.

 

That’s what I usually do. I take breaks, and come back again to see where I was lacking.

 

Did you maintain a trading journal all this while? Perhaps
you should go back in time and evaluate your mistakes. I’d suggest you to measure profits you made on winning trades and the money that you lost on losing trades. The possibility is that you might be losing more on a few losing trades than you are making collectively through your winners.

 

Sit back and relax, find out the areas that needs to be improved.

 

I think it depends on what it is underpinning my poor run. Is it a poor run of variance over which I have no control but my statistics suggest that providing I am practicing good risk management I can outlast? Or is it directly as a result of not sticking to my trading strategy and psyching myself out? If the former I am happy to trust the law of large numbers. If the latter then I will step away for a few days. Maybe go back to demo trading to get back into the groove before risking live funds again.

 

All have the same plan but no one do it actually. In real everyone is busy in making the new plans to have better day.

 

I agree with other traders that you might be lacking money management. Even after picking 80% of winners, poor money management can cause you lose everything and much more in 20% of the losing trades.

 

Don’t trade! There is no point of trading when you are already messed up. It will make things worse.

 

IMO OP, has no system, and should take a permanent break.

80% winners ah ha.