It's my first post here and my first time. I've known trading since the past five years but I only got to get my head around technical analysis about two years ago. I've been actively trading forex for roughly two years and I'm just beginning to see consistency since July this year till date.
I set the goal to take 100 trades on my demo account (I've taken 41 so far since July) while abiding by my rules and risk managements. I'm using a journal app that shows my performance. While following my performance on the fx journal app, I observed that I had a losing streak of 7 trades in a row, though I'm still profitable overall. That is having some psychological effect in my trading and I'm having feelings of uncertainty though still profitable. How do you guys cope with losing streaks? My feeling of uncertainty is that I might end up being unprofitable if losing streaks keep recurring. Can this happen? BDW, I'm already 20% on profit cause I risk 0.50% (half of 1% for my risk appetite) or less on every trade
I set the goal to take 100 trades on my demo account (I've taken 41 so far since July) while abiding by my rules and risk managements. I'm using a journal app that shows my performance. While following my performance on the fx journal app, I observed that I had a losing streak of 7 trades in a row, though I'm still profitable overall. That is having some psychological effect in my trading and I'm having feelings of uncertainty though still profitable. How do you guys cope with losing streaks? My feeling of uncertainty is that I might end up being unprofitable if losing streaks keep recurring. Can this happen? BDW, I'm already 20% on profit cause I risk 0.50% (half of 1% for my risk appetite) or less on every trade
