Dealing with the losses

When a trader faces continuous losses he should try to take a small break and must realize what the basic reasons of his failures are. Such as: a trader is interested in short term trading but he has chosen a trading plan where he needs to spend a lot of time in longer term investment planning then he is actually out of his desired structure. So, it is essential for each trader to get a clear idea about his needs, actions and strategies.

I quite agree, continued losses suggests something fundamentally wrong and an element of panic

Yeah that's the usual way to go when experiencing losing streaks. If you keep trading despite losing continuously there are high chances you'll keep on piling more losses. So it is best to stop trading for a while and just sit back and try to distract your mind with something else. And then analyse what went wrong. Most of the times there's somewhere we're lacking we are just not able to see it. So it is important to look at your trades objectively with a clear mind. You'll always find a solution and it'll help you think in a better and critical way. Easier said than done I know. But at least we can push ourselves to do this.

It’s good approach; usually when I face consistent SLs; then I take a decent break for that day, at least for that season. I don’t believe in revenge trading.