How To Deal With A Losing Week | Mindset of a Successful Trader

forex trading Feb 21, 2021

Every basketball coach once said “Offense, doesn’t win championships. Defense does.” What a wise coach he was. This is true in everything, including trading. When you are winning your trades, how do you react? Is it different than when you are losing them?

Paramount to becoming a successful trader is to realize that we are not actually trading but simply “managing our risk” and studying every trade that you enter whether it be a win, loss, or draw. This week we ended at -5R, which brings the year-to-date record to +11R. The trades as well as the mistakes made are covered in this weekly recap. Learn to trade:

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*DISCLAIMER*: I am not a financial advisor nor am I giving financial advice. I am sharing my biased opinion based on speculation. You should not take my opinion as financial advice. You should always do your research before making any investment. You should also understand the risks of investing. This for entertainment purposes.

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