6 STEPS to Recover from a BIG LOSS in Trading
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- Опубліковано 28 чер 2024
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As someone who has been day trading for over 8 years, I know how frustrating it can be to continuously lose money. Let me remind you, I was a losing day trader for over 2 years.
I've seen many struggle with day trading too, but as day traders, losing money is part of the job, and I want to help you deal with it.
In this video, I'll share 6 actionable steps I've learned to come back stronger from day trading losses.
And if all else fails, stick around for some bonus tips at the end, where I recommend my Hail Mary tips (hint: it has to do with noodles).
At the end of the day, having a good mindset and maintaining a positive environment are essential to be successful in day trading. Take the breaks you need, and remember, you got this!
#daytrading #livetrading #stockmarket
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Which tips resonated with you the most? What are some things you do to cheer yourself up when you’re on a losing streak?
Remember, trading is a journey, not a destination. And if you’re currently on a losing streak, trust that this too, will pass.💪🏼
When I'm losing I just watch a video and hit the like button to cheer up. ;) Seriously though, I walk away and get some housework done, ignore the market for a couple hours and then go back refreshed and look at what the overall picture looks like.
Can you please share the link tot he trading journal, it not there in the links as mentioned. thank you
For me the last one is the best 🍜 and taking a break is what I usually follow... Downsizing is a new one i might follow going forward
Hallelujah 🙏🏾 THANK YOU FOR THIS VIDEO ‼️💯💯💯💯💯
I've been doing this
And on a Break Right Now - INDEXES
Tracking each trade, amount of risk taken for each trade! I track my trades differently but I think I will start using a bar chart 📊 Y-axis: Profit, X-axis: risk taken! Monthly-Weekly-Daily Chart! I am a gym rat! so I spend my time working out bc success is attractive!
6 STEPS to Recover from a BIG LOSS in Trading
1. Size down 2:32
2. Take a break 5:43
3. Stop comparing with others 8:09
4. Review your journal 10:51
Key points:
a. Wins and losses for each trade
b. Strategies taken
c. Amount of risk per trade
5. Reframe your losses 14:26
6. Have a strong support system 16:04
7. Work out and eat a fat bowl of ramen 17:58
⬆ hi
What I do after a big loss is to do paper trading. The market makers and retail investors can shift in or out of tickers instantly. So paper trading helps me regain some confidence and understand the market again. Not knowing the market means losses
"comparison is the THIEF of happiness" --- couldn't agree more! 🙌🙌
Literally dealing with all of this. 80% drawdown since starting 3 months ago. 50% of that happened within the past week. Felt so low and I’ve been such a bad person to my family. Broke all the rules even tho the resources I’ve had were disgustingly abundant. Thank you.
Thanks Shey. I went from making $1000 a day daily to loosing everything and blowing up several accounts cus of my bad habits. Now I make $50 a day with $10 max loss and I have been consistent this way. No big swings no hurry. Time pays . Compounding!
Totally needed this too. Took a couple days off after trading on tilt. Didn't blow up the account, but rather chased every single trade. The days that I take off and miss out on trading makes me feel like I'm wasting time/ opportunities in the market, so it puts me on edge still. It's a difficult balance & I'm still learning. Anyone else feels that way?
Of course, me too. If I take a break, I feel like I am wasting time....idk, I feel worthless, if I don't trade when the market open.
I need to let go of that mentality.
This last week was my first. 2 green and 3 bad bad red days. I hadn't tilted like that in ages. Really need to stand over my own shoulder as a coach and pause before I get pulled into over trading rip current because I was green decently every one of those 5 days despite that crazy schizophrenic market we had.
@@tjhammer24 Happens to the best of us! Hope you took a couple days off and/or size down just to get your confidence back. That's exactly what I'm doing. Keep going 💪
@@LASiow I tend to scalp in 60 minutes target TP/SL +/-0.33% for each position. Maximum 1% loss per day i must quit.
In least 3 battles for each, I wait for a right time for best moment I pull trigger.
For this, I more emphasize the right moment than the time I feel I waste.
In hours, days, even in week, I try to keep telling myself, 'let market follows my time, don't follow market time'. 😄😄
I truly feel you
I always wait until the end of the video to see your extra tips. Thanks for rocking, I've learned a lot!
I really needed this right now! I enjoy watching all your videos and learn quite a bit. Still having a hard time with stops and size in contracts. I believe I will take a break and see what I can do to rebuild ! Thank you for all you share.
Thank you so much for sharing this - it's just what I needed
I needed this.
You're awesome Humble Trader. Thanks for videos! Good job!!!
Thx for the vid. I expierenced all the phases of trading: losing etc etc. Another tip for beginners if you have losing strikes. Open a small account for 100 dollar and start trading again to regain your selfconfidence! And...there is no fast way to earn money. It takes time: it's a marathon instead of the 100 meter run. And you have to live for 3 years like nobody want to do . To do later on what other people can't do. I subscribed, great channel. Greetz from the Netherlands
Great knowledge, thank you!
Great video and advices! Thanks 👍
I got over a losing streak but can't get over your awesomeness! big hugs!
Comparison is the thief of all happiness - I like that, Shay! 🙏🏽 you stay dropping gems, and by listening to you, my trading is much better now ❤
Love your videos! I always came to this channel when I need motivation to keep on trading while having my daily very time consuming office job jaja
Thank you for the video. Just had one of those days today. No confidence, fomo, nervous, forced trades all losers. Video showed up just in time. I don't have to trade everyday, but I am just starting out and was successful in paper money. Real money is where the experience is gained. Will not quit just have to make adjustments to my trading plan. Using the VWAP on my charts, clean and simple to use.
Thank you it’s just like you did this to give encouragement! I was just about to give up! But I am strengthened!
Thank you again for your knowledge 😊🙏
I really needed this! I love your content and stories and yes, even your jokes lol GREAT CHANNEL!!! Year 2 here I go!
Amazing Video ❤
Thanks a lot for this video, i will re-watch it in tough times
I am so appreciative that you have spent the time to share your experience, instruction, and wisdom regarding day trading, it has been a great benefit to me. Thank you!
my best week so far. made a plan, was patient when entering a trade, didnt chase, set a stop loss and didnt change it. focus on compounding instead of quick money and saw a hugeeeeee gain in my trades but i also really changed my mental thinking and really put more focus onto LEARNING Instead of copying others trades.
Great video, thank you
Hi Shay thanks for the words of encouragement
Thanks for this video really appreciated, and I don't feel alone and understands how to deal with it better now! (sometimes when you are taking a day off, you tempted to feel like you maybe missing out something lol.. but it's good to stop sometimes)
Thanks, friend. You are the best.
Shey you are really helpful and this lesson is motivating. Thanks!
Love these ones
I listen to you every time you post
Hi darling! I had a very bad red day today and your video helped a lot not to feel too sad! Thanks 😔
Amazing video. ❤
A great video as usual. Valuable advices. I love your "bad" jokes.
If you want to analize your strategies, it is inevitable to keep a journal. As a beginner, I very quickly set up one and was able to choose a strategy which was best for me.
Great video! Keep on making them and stay safe.
Love your videos. Greetings
Today was a bad day for me too. that video helped a lot thank you. I'm going to work out right now!
Oh man I totally needed this. Perfect timing. I hope to buy you a coffee one day as a thank you!
You are so welcome!
You always put a smile on my face. Thank you 👍
A trading journal seems like a sound suggestion. Thanks for the info!
Thx Shay. I reeeeeally needed this video today. Had 2 days of losses
Thank You !
I love honesty.
Great vid. You are a trading vixen! ❤
Nice tips mam!
V. Well done
Thank you 💙
awesome!
I LOVE YOU!! THANK YOU FOR ALL YOU SHARE :)
GOOD JOB// VERY TRUE
Thank you, Shay. What a great video. Need a group of traders in Tampa, Florida to socialize with and hit the gym.
Thank you for your video,, good job ❤
Love you!
Good tips. Beginner here on day trading. Sizing down after a losing day really hits home. The same goes for taking a break. I decided to spend the next day observing where I would get in or out and how that would play out during the session without actually placing a trade. Learning the system so I can become better.
Another great video. Thanks for sharing your own experience Shae
Sizing down
Taking a break
Journaling
Thinking of losses as market tuition.
I actually thought about tip #7 before you stated it. Kayaking for 4-hours at Lake Tahoe, Nevada, clears my mind of any problems I might have.
Months ago, I started trading and loosing a lot everytime. Then I took a break and study harder and use demo accts until I get my confidence again... Thanks for this sharing this video Humbled Trader.
I've been watching your channel since I started trading 6 months ago. When I started trading I got very lucky which is not a good thing...I made 10k quickly and lost it even faster...It was a wake up call because I went on a losing streak after that and then had fear of trading and losing more. I had a plan before I traded each day but I didn't stick to them because of fear and I was investing way to much at once. My plans worked great only issue was I wasn't sticking to them cause my risk management was off and losses got to my head. This video is perfect for anybody going threw losing streaks, once I lowered my amount I was investing I was able to stick to my trading plan and get back on the horse!
you rock! thank you
Thanks ,Your tips are spot on.
I just lost 17k in two weeks,
I got frustrated and didn’t follow my rules/strategies
I need to cool down..
Thank You coach...
All this amazing knowledge, video-to-video.. and all it costs is one like. Everyone who watches your videos really should smash the like button.
Thank you very much? I am going through this situation now. Since my father's death, losses have been going on constantly until I started to lose confidence in myself
great video :))) you motivated me to try trading out so im currently learning all of the things i need to know and practising by paper trading
Thank you for the great content! Can’t believe you are in your 60’s!!
🙄😁🙃
She definitely ain't in her 60's 😅 she's joking
thanks so much. You talked about all my feeling now.
Solid vid
Thank you so much, love your videos 🙏🥰
Taking my dog for a walk in WVan Ambleside doggy park. Tomorrow is a new day, watch more trading related videos and some reality tv, listen to Bloomberg radio in my car driving.
great show, gave the show a like👍. I push the wrong button (buy instead of sell), or to many zeros on the amount, or to slow on the switch and the market changes. Thank you Shay I try to watch all your video's❤❤
Thanks for the support glad u enjoyed!
thanks !!!!
I really appreciate the instruction to lower the lot size. I hate it when I win the next trade because I don’t recover much, but it does help my confidence. Thanks, HT!
🙌
Someone told me once that the market is looking to take your confidence before your money bec the money comes afterwards
Thanks a lot... ❤️
That snap out of it at the start of the video actually made me snap out of it lol. Thank you!
Shay your videos are educational and inspiring. I kept losing all my profits or entered too high because I had very know how. I am trading smaller amounts but still finding my self trying to scoop myself out of my losses I realize that buying down hoping that I will make my money back by holding the loosing stock for a few months- BAD IDEA. I am now trying to select mid and large cap stocks which have good financials and news to hold in my TFSA and will be trading no more than 2 small stocks at a time using finviz and other research before leaping in. Thank you Shay.
Smashed it.
😂I love your video... You never fail to brighten my day on the way to work. Your video is great fun to watch; thanks to the laughs I get from it, I am able to keep going with my day. That's so kind of you, and I appreciate it. Your video is about more than just trading education; it also promotes emotional and mental health. Put on a happy face and laugh a lot to boost your mood. I'm serious
Thanks H.T. This is every traders path in their journey to a upward curve on your P&L chart. Excellent coffee helps to and good food. You Got That Covered . Cheers 😋🍉🥗🍤🍜🍹
Thank you! ☕️
I played 0tde options for the first time and averaged down way too much. Lost 70 percent of my account. I will learn and grow.
Thanks for clearing my eyes and helping me snap out of it. I win or I learn. I’ve only been doing this for 2 years.
Appreciate this video and you have beautiful eyes !
Taking time off, and loss as tuition.
Finally pulled the bandaid on a loss that just kept growing (TSLA). A lesson in discipline that will stick for quite some time :)
What I would have lost I could have recovered in a couple days. What I did lose could easily take over a month.
One thing is certain 'though. I WON'T be starting that recovery today.
Never stop, still watch everyday, even if you don't trade!
Wʜᴀtsᴀpp ᴍᴇ ❣️
It helped me to stop looking at the dollar amount and start looking at the percentages of win losses
Thank you🤍
Your videos and information has helped me tremendously. What I wanna ask of you or others on this channel is this question: How do you deal with your significant other in regards to your career when one day you make money and other day you lose money and they don't fully support you on the path you are on?
Good lesson for all. Having lost what seemed like a solid safe position of significant value due to a 2 minute (yes 2 minute) drop from a political statement, I was significantly upset and fearful of the future. Psychology is a big factor - AND we need strategy so I am grateful to have input on this from you Shay.
My situation occurred because of cascading sell-offs triggered by multiple major support levels being hit as each subsequent set of stops were hit.
Thanks for another great video. Now I want to work out and eat some big ramen bowl.
like button SMASHED!!
When are you in Taiwan next time, I live in Tainan, would love to learn from you~ I can speak some Chinese too, this is my 7th year in Taiwan. I have been doing in option from last 3 years and been in loss, so learning from your videos so much.
cool you are 4000 away from a million subscribers . cograts in advance shay
you help me avoid half of my mistakes
All you said is true
Thanks, Shay! Hope you had a wonderful day! :) And, editing this now... yes, what others do is relative, and not healthy, in life or trading. And, maybe make the T-shirt, "Life is Trading", as the Market is just a mirror. Brings out all of our 'stuff'. :)
It's Amazing 🎉
Tks as always for yr Great tips... What is yr everage winning rate on yearly base.....(50..60...80%???)
Yeah. I am so lucky, I started to learn trading with mz best friend around 3 years ago. Then we lost a focus, and we come back around year ago. Then we decided now we try to keep interest and not let to fade away. We still learning, sometimes takes a short 1-2 weeks pause, but still learning. We wre not yet profitable but bot loosing so much, just keep learning. Why? because it is funny to learn something different...
Top Notch 🚀🚀🚀 H.T. Trading journal is a must in this business , and set a daily loss limit !!!
Fantastic 😎😎😘😘
please teach me how to trade and which trading strategy I must use. Thanks alot.
I find that listening to other people bragging about profits just creates FOMO which everyone will tell you is bad - so I don't follow those people who always flash lambos and spend 20 minutes talking about how much money they made for every 5 minute lesson
"to be great is to be grateful"
TRUE
I needed to see this today, thank you so much for uploading the video! I've definitely been trading on tilt lately and thankfully only made a small loss and profit, but definitely a sign to take a longer break. It makes me more anxious though seeing the market go up and missing out on trade opportunities and to recoup those losses. I wake up everyday anxious to check the markets!
And size down please 😟
A market like this last week really does cause ptsd effects. Some really schizophrenic moments this week