When losing continuously, we should stop. Sometimes the market doesn't follow your plan so stopping is the best option. In fact, trading is like playing cards. There will be days when you keep winning and there will be days when you keep losing. It is important that you know where the stops are. I have an advice for you, when your account lost more than 10% of your account, you should stop and take a short rest. because at that time you were unlucky and your trading strategy was not effective at that time. Come back when you feel good.
Being aware of youe emotions and knowing when to stop is something else entirely.
Not everyone knows this.
Taking a break is one of the best things we can do after losing too much! It's the same thing when you lose in gambling, sometimes it's better to stand up and do something else for a while, when you chill and cool your head you can continue! It's the best, but many times I get in fire after losing a lot, and I am ready to deposit again and try more aggressive approach, that is pure gambling, you can recover and make a profit or you can lose one more deposit!
What you do after losing depends on how cool you can be after that. I often get in the fire, it's excitement and it's what I like actually, when things get hot and you can win or lose a lot. Don't get me wrong, it's one of the reasons why I like to trade and gamble! Without it there's no fun!
I remembered back then, i really never wanted to take a breaak from the market cos i was so addicted.
Try to recover them but tracing back your steps and you will find where you did the mistake.
If you can learn the mistake and what caused it, you could learn how to not do it again and that is more important than profit sometimes. That is why I have always said to people that learn how to trade by losing, because losing is the best teacher you could ever have in trading world, when you lose you find out a method that doesn't work, you will eventually find the best way for you (there are many ways) and become a good trader.
Without losing, if you only win, eventually you will come across a lose that will wipe out all the wins and that will hurt you more, but if you lose beforehand when its small, you will learn how to win and grow bigger without interruption (at least not too much).
More the reason why i never regret accounts i blew; they all came with a lesson.
I thought those who trade and does investment are always prepared mentally to make losses. I mean, its not like those people always make profits. Obviously, there has been a time where they made losses and are now used to it and knows how to "handle" everything.
I would say, try to keep a positive mental attitude. Its going to help you a lot during cases like this.
Definitely no one wants to take losses. We all come into the market with the mindset of making huge profits.