Subject: Losing Money Day Trading!? Sat Jul 30, 2022 7:50 pm
- Stop Digging! Stop trading. If you losing money hands over fist stop the damage!
- Assess and accept. My new account balance is X, I had an account balance of 2X. I'm not going to get this back quickly. Assess what is happening; is it a couple of big bad trades? Or is it something else?
- Review and evaluate. If you're losing money all the time, what are you doing wrong? Spend loads of time on analyzing what is going wrong.
- Prepare and plan. You don't want to take too many decisions nor do you want to take decisions on the fly.