DislikedJust a really random question, how long do you guys take to be recover your losses and on a profitable track? I am on the 3rd year but still not much improvement. I feel demoralized.Ignored
Just about everyone goes through this stage.Important factor is consciously be aware what does not work for you.
Be diligent working on yourself.Major factor of all retail trader's losses occur inability to take small losses then those mushrooming to become account killing losses..
This is mainly due to ego overriding the market.Your Ego does not want to admit being wrong hence the losses.
Its funny because we are in essence none linear market that anything, anytime can happen therefore your ego should be least important.
This is more true when you ride a motorcycle on the streets which I do daily.Cars trucks all capable of killing you hence riding defensively is most important.I look at the drivers eyes not the cars to make sure they see me before I make a turn...
Trading is same we are insignificant as far as moving the price therefore trading defensively requires understanding system rules and your personality how you fit in it.Not every system is suitable for you.You must decide if you are a swing trader,scalper or position trader.Each of these requires certain understanding what constitutes PA
For a scalper -10pip DD is huge but for a position trader its nothing at all.So before I can answer to your question you must analyze to yourself what kind of trader you are.Be honest to yourself and don't beat yourself.My number #1 rule to myself is forgiveness.Forgive yourself for the mistakes,cleanse your mind and attack the challenges head on.
Read this book.This will open your mind.
regards
below small sample of the book I uploaded.You take what you can.Book is brilliant
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In trading, you have to be defensive and aggressive at the same time