
Guide on how to Recover from a Losing Streak
wmndave Posted 15 July in #Backtest #Guide On How To Recover From A Losing Streak #Devising A New Forex Strategy #Market Periodicity #Trading Forex In Summer #Dukascopy Visual EditorTake time away from live trading
Take as much time as can and stay away from trading no matter how tempting the market maybe. It’s during this time you work on your self-control and gain the patience of knowing when to stay out of the trade. In a losing streak, at least two weeks away from trading will do you some good and your capital will be reserved.
Establish the reason as to why the strategy that once worked is failing
Sometimes traders lose just because of market periodicity. Take an instance of the summer vacation, most Wall Street traders are away thus the movement in the US session is so minimal. I pe…