Got consecutive losses- stop trading immediately.
When we incur losses continuously it’s an indication that we are going critically wrong somewhere and the situation needs detailed contemplation. Then why we not pay attention to this intention and continue trading even after we incur continuous losses until we finish our trading capital? This may be due to the human psychology of welcoming profits but showing complete aversion to losses. We have not obviously started trading to make losses, but is it not essential to correct our mistakes and improve ourselves before continuing to trade after so many losses?
Continuous losses indicate something is wrong and needs rectification before we continue with our Forex trading. Forex market does not have short life and will endure even after we leave the planet. So, why not start the process of recovering our losses after dedicating time to rectify our shortcoming and improve ourselves?