Remember that any trader should only trade with money that you can afford to lose. If you are scared to lose then you should not be trading, so when you have proven to yourself that you can make winning trades eighty percent of the time then you can increase the amount you put at risk. If in your trading you are always trying to get back to break even then you need to step back and see what you are doing wrong. Has something else has appeared that you never saw the first time you started to trade. Did you let emotions take over and not make the trade, were you distorted by the greed of making more money or the fear of losing on the trade.
You need to change your thinking and you will be a smart investor, because if you always do what you've always done you will fall into that losing pattern again. You need to go back to look at the trade setup again and see why it was a bad trade. What could you have done better to analyze when to enter the trade. This is how smart traders become successful and keep taking money from the new traders. You haven't put a stop loss in and the price action makes a sudden and dramatic move and you start chasing a losing trade hoping to get back to break even. You must change your thinking to break the pattern and become a smart trader and investor.
The most powerful patterns for Forex tradersYou need to change your thinking and you will be a smart investor, because if you always do what you've always done you will fall into that losing pattern again. You need to go back to look at the trade setup again and see why it was a bad trade. What could you have done better to analyze when to enter the trade. This is how smart traders become successful and keep taking money from the new traders. You haven't put a stop loss in and the price action makes a sudden and dramatic move and you start chasing a losing trade hoping to get back to break even. You must change your thinking to break the pattern and become a smart trader and investor.
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