Lacking confidence after a losing streak trading?
Follow these simple 4 steps to get back on track. No need to make it complicated.
1)Review all trades, identify what went wrong.
Was it that you were gambling? Did you FOMO into a trade?
Did you enter at a wrong area? Did you not wait for the candle close for a breakout trade? Write it down.
2)You’re not a kid, make sure you dont make the same mistake again & are careful next time. Trading is not a joke. If you want to grow the trading account over time, you will never make it without eliminating them.
3)Start again with a smaller amount than what you use in your usual trades so you develop the confidence.
4)Once you feel like you’re doing good, slowly increase position size. Rinse & repeat whenever you lack confidence taking trades again. Better be safe than sorry!