00:00Can there be continuous losses despite having a good risk management plan? Absolutely, but the real danger is not loss.
00:08The danger lies in your reaction after a loss. Always remember these three rules during a continuous loss.
00:15The first two consecutive
00:17Take a break after a loss. Don't try to recover the loss by taking the third trade immediately. Stay away from the screen for a while.
00:25To recover the second loss, never double the position size from the previous trade to 5,000.
00:32If there is a loss then the next
00:46Ask me if I followed my rules and risk limits or if I took the trade emotionally.
00:53If you follow the rules and still incur loss, then do not consider the strategy wrong just by looking at the loss.
00:59But if you have broken the rules then definitely admit your mistake.
01:04Remember, your goal should not be to recover every loss immediately.
01:09Capital protection and rule following are more important.
01:14Now tell me how do you protect your mind set after a tough trading day.
01:19Please let us know in the comments.
01:22No high, no false promises, just real market learning.
