Feeling a bit stuck

I can make profits, but at the end of the day, I’m still left with nothing. My profits and losses aren’t substantial, but after a winning streak, I tend to get greedy and can’t stop trading. My mind tricks me into thinking each trade will go in my favor, leading to revenge trading. Perhaps I should delete the app until tomorrow? How can I overcome this?

That’s why psychology matters. Break the cycle. Stop trading for 2 days. Be grateful. Sleep on your wins; that’s where momentum builds up!

Kai said:
That’s why psychology matters. Break the cycle. Stop trading for 2 days. Be grateful. Sleep on your wins; that’s where momentum builds up!

I think I need to be more grateful and withdraw some funds to restart. Thanks!

I typically don’t post here; I’m more of a spectator watching how everyone seems to always be right. In this game, every strategy works. There’s no holy grail or 100% win rate. It’s all about your reactions—both to winning and losing. The best loser wins. Do you handle losing well? I, for one, do not. I maintain an 80%+ win rate and risk 1:1 RR, netting 5-15% monthly across multiple firms. Be ready to lose a bit; I lost $5k over a year until I learned that patience is key. Stick to your non-negotiables. If it doesn’t start to kick in after a year, maybe this isn’t the right path for you.

@Teo
This is very true; learning to handle loss is crucial.

Jory said:
@Teo
This is very true; learning to handle loss is crucial.

Yes, I’m working on that. Thanks!

@Teo
I struggle with handling losses. Despite having a 76% win rate with a 1:1.3 RR on my funded account, I still blew it up. I’m trying to be more patient, and it seems to be improving, so we’ll see. Thanks! :blush:

Honestly, after making a decent amount for the day, just leave. Set a goal for 1-2 trades or a specific profit amount. If you’ve hit your target, walk away; it’s not worth risking more. You might win another round, but the revenge trading often leads to worse losses than missing out.

@Case
Missing out feels much better than losing it all. Thanks, I’ll try this!

Learn to embrace losing to become profitable. Understand a solid risk-reward ratio and stick to it—that’s crucial for your strategy. Winning should be more substantial than your losses. It’s tough to convey, but losing can sometimes lead to being profitable. Don’t change your strategy or your limits; just learn and stick to your approach. No strategy guarantees wins every time.

@Jory
I often change my SL and TP, so I guess I need to stick to them. Thanks!

Feels like looking in a mirror! :joy::joy::joy:

Vale said:
Feels like looking in a mirror! :joy::joy::joy:

:joy::joy:

In your case, I’d recommend cashing in your profits. When you win, take some out. It shifts your mentality. The downside is you forgo compounded growth, but you secure profits and lower your risk.

If it helps, I’ve stopped trading after losing $867 in three months.

Everyone into retail trading has experienced revenge trading at some point. Identifying what works for you is essential. I implemented a rule: after three consecutive losses, I switch to demo or stop trading altogether. Hope this helps.