Stop the Rot! Stop Consistently Losing Money Trading! ✊

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Breaking the Consistent Loser Cycle in Trading . If you're been trading for more than 6 months you've probably been in this scenario where you experience loss after loss after loss and you feel devastated. You think you are a consistent losing trader where you keep bleeding money day after day, week after week...etc. OK.

But you can get to a point where the rot isn't so damaging. The first priority to slow the damage. We know that there is a process that we need to go thru. The obvious first step is to decrease trade size to slow down the rot. The other thing is to look at the number of trades you're taking.

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Critical Analysis: What is Causing You to Lose Money Trading?
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Eliminating that One Big Losing Trade 👍
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Recovering from a Big Loss in the Markets 🙁
7 Reasons You Are Still Losing Money Trading! 😞
How to Survive a Trading Losing Streak? 🤔
Bouncing from a Big Trading Loss. Stop the Damage! ✊
Emotions and Trading: Feeling very Depressed and Disheartened? 😵😢
5 Signs You Won't Make it to Profitability 🤔
How to Save Your Trading A/C From Catastrophic Loss: 2 Strikes Trading Rule 👍
Losing Money Day Trading!? TRY THIS! 😰🤔

How Society Programs Bad Traders: Losing Money, Being Wrong 😶
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ukspreadbetting
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I have a mistakes matrix on excel. Get intimate with this.
Not having a trading plan with pre-thought out decisions is disaster
Not sticking to the plan is kamikaze
Not back testing your set-ups is dumb
Not having multiple edges is gambling
Listening to too many people is confusing
There are 100’s of opportunities, even in dead markets so dont fall for FOMO
Patience is your best friend
Stop loss is also your best friend
Greed is amateur hour, a good exit indicator is gold
Start with the biggest time frame, work in, understand your objective and story of the trade but be willing to know its a changing story
Any more than 2 consecutive losses in a day, stop trading
Only trade when sharp, take breaks

The.RenaissanceMan
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Hi, just lost 1k, of course I am gutted, but without this loss I would never realise how ridiculously stupidly I was trading . After a good few winning trades I got too excited and greedy and made bad choices like didn’t put stop loss, than after a nasty loss I started revenge trading, I v tried to win it back quickly and jumping in to every trade and waited for ridiculous big profit and let a few good profits to disappear and end up loosing more. After that I put high leverage and just blow it, total fail...
I am new to trading and this gave me a lesson :
-always put stop loss
- keep calm and stay patient and don’t be greedy
-stick to my strategy plan
-slowly to the success
I hope everybody having a successful and profitable day and I know for me to come

radekbelik
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After having a break of nearly 5 years from trading actively, it took me about 5 month to get to the point between 2 and 3, where I am now for the last 3 month. Even in extrem volatile days and weeks, I managed it not to lose any more money. Working on step 3/4 now :-)

Rikco.
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Market psychology is the most important thing to master in my book. If you let your emotions get in the way, your trading account will literally pay for it.

cappster
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you deserve millions for this video .. thank you - thank you --

Vemrah
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If a person is an intermediate or beginner especially, risk and loss controls are imperative. You shouldn’t be losing more than a few % of your account a day or on a bad trade. You should have max loss per trade/day/month. Redundancies need to be present. Without them you are literally walking into a bare knuckle street fight with the market when you could could be wearing gloves and have a referee present.
Small drawdowns are normal, major drawdowns are not.

Practice discipline by quitting trading before you hit your max loss, not by failing to set a max loss all because you think “you don’t need one”. The former is discipline, the latter is stubbornness, and in some cases stupidity.

panemanager
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Trading is much more subtle as anyone can imagine. Pull backs for example will not work on Forex, because the market is not trending. It's ranging most of the time, and eventually leaping toward a new level. It's an art of patience. I'm always too quick, trying to implement thing i just learned.

laurenth
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Thanks. I think, the most important thing is to take very small position size at the begining. There is no such thing that put 1K take 2K tomorrow.

velituncercolak
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I started doing this even before this video. Am glad am on the right path. 😩😩😩. The pain I felt everyday and still get up and face the market. I know it will pay off. 👍

lombardo
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Very very thanks for this one video,
Because i need this type of video .
I am on the 3rd graph .
By exactly doing which you mentioned by reducing lot size and number of trades .
And this video confirm my rule.
Thanks you so much ❤❤❤
Love from Pakistan

MalikAli-gmyf
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All is happening with me right now while seeing this video it's feeling like you are explaing my case study thanks for video

anonymouswolf
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Great content and really gets you to think about what your doing wrong.

importproduction
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Trading is mentaly the hardest challenge someone can do

gedalianiasoff
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Thanks Mark! I am in this now....my account is bleeding badly. NOTHING I do is working.

RotterStudios
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Excellent video Mark. I went through all those stages as well over about a 4 year period.

DavidSkerritt
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I really enjoy your analogies Mark, I think you could be a brilliant insightful psychologist too! In summary, I strongly believe that using your emotions without knowledge regarding the nature of something is dangerous in any field... but hey, that's also one way to learn and not forget it... and that's known as the "hard way".

BrotherTree
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This is what im going thru right now.. I think my position size is too big. Gona bring it down next week!

darthrosh
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When you lose money day trading I've noticed it helps regaining motivation by swing trading blue chip stocks. You get some of your money back too.

lcarltbmx
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1. manage size
2. amount of trades
3. having a trade plan

timmyb