What Do You Guys Do Once You Encounter a Loss After Consecutive Wins?

Charts and Setups
21

@Zimri
For me, after consecutively winning 2 or 3 times, I usually expect that one of those trades will go wrong. When it happens, I stop trading for the day, wait and see if it was a trend reversal. I usually stay out of a trade if I lose once because I think trying to recoup my losses by getting in immediately is a good way to erode my earnings. But I would be glad to hear what you do in this situation.

22

@Quinn
That seems like a very good way to limit downside risk and protect profits. Thanks for sharing. I don’t trade every day, so my approach is much different.

23

Who’s your broker? Been looking for one.

24

Riley said:
Who’s your broker? Been looking for one.

JDR Securities.

25

Quinn said:

Riley said:
Who’s your broker? Been looking for one.

JDR Securities.

Thanks man, finna do my research :breast_feeding:

26

Riley said:

Quinn said:
Riley said:
Who’s your broker? Been looking for one.

JDR Securities.

Thanks man, finna do my research :breast_feeding:

Good luck on your journey, bro.

27

@Quinn
You too man, wishing max profits :chart_with_upwards_trend::breast_feeding:

28

Well, don’t overtrade if you trade manually. I use an EA bot, basically DCA with low risk. So, there actually isn’t a losing day for me; I can run a losing trade for days, weeks… but the price always comes back, right?

29

@Gage
I like your advice; it’s exactly what I do, except without AI.

30

Move on to the next trade.

31

Always read my trading log, so I can evaluate what makes one entry win and the other lose.

32

Let me give an example from myself: it fast depends on the intensity of the loss relative to the account. If it’s major, I close for the day. Secondly, I do my research on the lost trade; if it was my fault, I just take a break for a few hours and then return.