Platinum Swing Trade Alerts

The 10-Buck Broker (Long-Term Stock Picks)

Announcement

Collapse
No announcement yet.

What to do when you are on a losing streak

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

  • What to do when you are on a losing streak

    We've all had a streak of bad luck in the market that was mind-numbing and just plain annoying. Over the years I've developed some simple steps for dealing with a losing streak.

    Step 1: STOP trading. Depending on what kind of trader you are you will know what a streak looks like. A swing trader's losing streak could be 3 trades in a row whereas a day trader is having a string of bad days(3 or more)

    Step 2: Determine whether the streak is being aided by the market. Is the market choppy and too volatile?

    Step 3: WAIT. If you don't know what to do next just don't do anything. A sideline position is the best position for a trader on a losing streak.

    Step 4: Ease back in. Once you have followed the previous steps you can start to ease your way back into trading. Put on a trade 1/3 the size of your normal trades.



    Platinum Swing Trade Stock Alerts(FREE 14-Day Trial)

    The 10-Buck Broker (Long-Term Stock Picks)


    Best Stock Picking Services

    Sign up for the forum to reply to this post!!!


    Best FOREX Signals Software

    Stock Market Investing For Beginners


    "Step into the arena and hold on to your hat. Don't get discouraged if you don't make 8 trillion dollars in your first month. Trading is not a get rich quick scheme. Realize that trading is a skill and just like any other skill it takes time to learn. Have convictions in your decisions in life and trading. Ignore the comments and "advice" of those that have never traded a day in their life."

    Good KARMA and positive energy abound.


    Terms Of Service

    Disclaimer: This website provides information about the stock market and other investments. This website does not provide investment advice and should not be used as a replacement for investment advice from a qualified professional. This website is for informational purposes only. The Author of this website is not a registered investment advisor and does not offer investment advice. You, the reader, bear responsibility for your own investment decisions and should seek the advice of a qualified securities professional before making any investment.

    Promoted content: You should assume that this website has an affiliate relationship and/or another material connection to the persons or businesses mentioned in or linked to from this website and may receive commissions from purchases you make on subsequent websites. Always exercise due diligence before purchasing any product or service. This website contains advertisements.
    Best stocks to buy now Stock Market
    Best stocks to buy now
    Dow Jones TodayDJIA

  • #2
    Sound advice. Losing streaks suck but the worst thing you can do is keep trading

    Comment


    • #3
      I usually just cut back position size. When I stop trading all together i just end up missing good trades.

      Comment


      • #4
        In my experience, cutting back is great and its almost never a good idea to stop during drawdowns. That's usually when you miss the boat on a bunch of great trades.

        Comment

        Working...
        X