Recovering from Disaster: How to Turn Around Your Trading Losses

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Is it possible to recover your account after catastrophic financial loss? Yes, and I've seen traders recover - I've seen traders losing five-figure sums in a single day and its really about how you respond. It might take substantial time to recover losses that you've suffered in a single foolish session though but that is part of your journey as a trader.

[ukspreadbetting]

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[domais]

Great advice. Chasing loses almost never works. "Managing yourself" is crucial. The stress and self-loathing from losses can punish a person's health. Been there! Thanks for the video.

[stlady]

This is facts, horrible risk management will kill you everytime.

[ramkyr]

Hard to make money in daytrade...keep changing the trends in self but in the process emptying all my bank accounts. Losing is easy but making is so touch not able to understand why...its just matter of buy or sell...(in my case over trading is the major loss..emotional act and revenge trading is also a disaster)...I think it's better not to trade...just invest and relax...

[robindargavel]

I've just experienced a Friday fuck up as well.

[jacksmithofficial]

Excellent advice from Paul Wallace, great trader and a great guy. I know him personally, really good guy 👍

[openureyes]

AGREE!!!  Friday trades ..!! I get killed on Fridays.

[czg]

most traders are impatient and greedy. they are the source of the so-called dumb money. they act like children who want to make money in a short time. trading is a business, so therefore you must have a business plan to engage in such activity. it's that simple---but NAWH!

[PassportG]

Excellent advice.
Talks like This make me respect my risk in the markets.

[valentin]

6:08 great conclusion and awesome video!!

[harveyyong]

Thanks for a professional advice..yes, I've been experiencing that Friday is a bad day for traders too..it's more like a "fry die" quote to me😂..and the stop loss were really crucial to trader like me..cheers up to all trader🥂

[jonjonpr]

Some people die other compound their losses and then a few do a performance analysis, learn and adapt.

[dn]

S.T.O.P. is a great advice in trading world and real world!

[TylerGage-gecb]

Very, very good information. \Thank you. I needed to hear this.

[ernestanene]

What did he said you never have to trade with stop loss????

[proych]

Sometimes markets are difficult and volatile and technical analysis doesn't really work. Right now the Indian stock market is like that. Too few people and few very powerful people are driving the market. Trading around in here at this moment is an absolute nightmare for retail traders. The advice given here is very strong and every retail trader should watch this...

[Andolem]

I usually get slaughtered on Thursdays and Fridays.

[jamiegreyy]

I get sent signals from a company, only use them 15 minutes after they're received and the past 4 / 5 have made between a £25 / £30 loss.. :( I'm a student and this is clearing me out. The company posts pictures of others who are using the same signals and they make a nice profit everyday. Is it really because of that small delay in me playing the trade that is causing me these losses?!