Don't you try to recoup before exiting? Are you confident enough to be sure you will win back later?
Is it like a rule or something? Or perhaps sometimes you should be persistent?
Pat494
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One can easily get annoyed and indulge oneself with revenge trading. Usually a bad move imho. Walk away from it for a few hours and recover one's equanimity.
Agree. You play every trade to try to make a profit. They all follow a defined pattern/patterns and rules. Statistically, most (or enough) should be winners. After a bad loser or string of losers, there's no way your trading should be different because of the losses booked.
Except - the only reason to change strategies is if you took a break, reviewed and found your original strategy was flawed from the very start. Other than that, if you have a consistent strategy, don't under-trade when and because you're losing, just keep trading.
Why so? They fail to modify the strategy, or is it wrong to begin with?
It's probably a combination of both, unfortunately.
Guess so. And how consistently can you keep your profits bigger than losses?
Like what help?
Pat494
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A course or 1 on 1 tutor ?
Well, considering how many "PRO traders" are out there nowadays offering their training services, this shouldn't be too hard
Pat494
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Well, considering how many "PRO traders" are out there nowadays offering their training services, this shouldn't be too hard
But can you find one to make you consistently profitable ?
I think that one on one tutor is always preferable, because the tutor will pay attention to you and you alone and if they're a good tutor they will tailor their approach to your personality. The question is, of course, whether the tutor themselves is a successful trader.
You can't find out unless you try, isn't it?
