Here is another potential helpful exercise.
If you have traded for long enough, whether live or demo, large or small account, chances are you have had a few losing trades every now and then. Chances are you have had consecutive losing trades, whether they are 2 in a row or 5 in a row.
Losses are a normal part of the trading process. Rich traders have losses, even order flow traders have losses. But the consecutive series of losses is slightly different. It signals that your trading system and mindset may not be in sync with the market. That you may not be in harmony with the order flow.
Hopefully you have kept a trading journal of all your trades. You should be able to easily spot the times where you have a consecutive series of losses. Instead of just attributing it to bad luck, or acceptable losses of your system, you can actually in a good amount of cases, do something about it.
Go back to the dates of those losing trades, and find the news releases and news articles/commentary for those specific days. See if there was anything there that could have changed the fundamental value and/or sentiment value of the market. Don’t go and look at your charts and place more indicators or things like that on your chart. The information that you are looking for that can help you avoid consecutive losing trades is only available outside of the charts.
I assure you, if you placed consecutive losses they were either a result of:
1. You not following your system
2. Your trading system did not account for information outside of the chart that moved the market.
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