~ Set a max amount of losses a day/week: Setting a max amount of losing trades a day and week will help a lot. For example no more than 1 or 2 losing trades a day, and no more than 4 or 5 a week. ~ Set a certain amount of time you sit out after a losing trade: For example, after a losing trade, sit out for at least 2 hours before taking another trade.

~ Lower your risk after a losing trade: No matter how many times you got stopped already, lowering the risk you take is never a bad idea. After a losing trade, risking only 0.5R instead of the full R will do wonders. ~ Take a break: Taking a break and just stop trading for a few days will never be a bad idea. It will help to clear your mind and will make you come back stronger. Account balance: Account balance is something most people dont really care about, but it will definitely influence your decision making a lot. Someone with a bigger account balance will take less setups and only go for the perfect setups while people with small account balances will often take way more trades. A lot of new traders dont have a lot of money to trade with. Their account is around 500 to 1000 dollars and they want to grow it as fast as possible to make large sums of money and become rich To do this, they risk 10 to 20 percent on their account a trade because they think otherwise

Overtrading/Revenge Trading 2 its not worth it WRONG!! No worries, Ive been there too, but thats not the way to go If you dont have the money to live off of trading, you will have to grow your account by slowly making small profits and risking only 2% 3% which will be a small dollar amount. This is the only way you will learn and understand how trading works and realise its a marathon and not a sprint. Learning how to trade comes first, the money making part comes after. Overtrading/Revenge Trading 3