How to plan a trade after a first loss in trading (know in 3 points)

First of all, let us state that trading here means short-term trading and day trading, which is also known as intraday trading.

We have most of the time experienced that after the loss of trade at the start of a trade, we normally lose hope.

which results in lessening our confidence in trading and creates an environment that makes us compelled to take a trade that is against our study and predictions.

Normally, after the first trade, a second trade is always taken in a hurry, resulting in losses and missing a good opportunity on the other side.

lets us know how to trigger the trade after the first loss in trading with just three helping points.

3. Don’t trade for a few sessions.

Sometimes overtrading can cause too much pressure in the mind, which in turn causes great confusion in the mind, and we get the result in the opposite direction regarding our trade.

And it’s our duty to give some time to our minds so that we can refresh and restart our trade with a good mind.

Most of the time, trading becomes a very hectic task for the traders, and giving ourselves some time to recover our lost concentration can create a good advantage for ourselves in getting a good profit in trade.

So, provide sometimes to ourselves by stopping trading, for sometimes it can be a day, week, or sometime in which we can get comfortable. It depends on ourselves.

2. Try to forget the first trade.

It all depends on your mindset. Sometimes when we trade and lose at the start, our mind starts to demotivate ourselves, get depressed, and start to do those things that we ourselves know are not correct.

But still, we involve ourselves in doing those things to satisfy our ego, which is really a lethal thing if we are using it in our trade.

So it is better that we create positive thinking by letting our minds forget about the first trade.

It is important that we know that there are no traders in the world who don’t lose in trading.

Situations may be different, which we are not aware of, and we are getting our losses in trading, so it is better to analyze and react according to the situation going on in the trade.

Let us trade for the second time after forgetting about the trade we took in our first trade, because if we remember about the first trade, then it can create some demotivating factors that will compel us to take the wrong trade for the second time.

Before taking a trade for the second time, just analyze better, get the trade at the correct time, and put a strict stoploss to stop losses if we are still wrong with the trade again.

1. Focus on better analysis and the correct time and place of trading.

Better analysis is always good for a profitable trade; if we analyze better, we get our trade going in the right direction.

Sometimes our analysis is good, but still we get our trade wrong as our place and time of taking our trade are wrong.

We sometimes take a trade near a stoploss area, which is a very sensitive area, and we get our trade wrong.

So it’s better to sometimes analyze better and trade on that point, which is a little above the stoploss area, and be on our trade till our target is achieved if everything is going fine; otherwise, moving ourselves out of trade would be better.