Recovering from Disaster: How to Turn Around Your Trading Losses

Sergeant Posts : 184 Join date : 2022-06-08

Paul Wallace a forex trader and mentor talks about bad trading experiences. Let's take the case of a trader who is going through a rough patch or who has already lost substantial monies. The first thing you should do is to stop trading. Step back, take timeout, organise your thoughts and then proceed. Look back at the 4M's - are you managing markets, method, managing money properly, managing yourself? Never trade without stops and never risk more than a portion of your account on a single trade. Keep good records of your trading activity including a trading journal of how you're actually trading. :