Experienced traders who control their emotions try to take a break from trading after losing a few trades in a row. I think this is a smart move because, in my opinion, those who keep losing trades but still keep trading are definitely addicted traders, and they lose everything in a short time. Be it trading or gambling, taking breaks is much more important. Moreover, it becomes addictive. It may sound cool to you to keep trading even after a loss, but to me it's just a waste of money. And it is a sign of excessive greed. As a result, many people cannot succeed in trading.
Before you start trading, its important to understand the underlying risks associated with trading. You can't get profit or cover losses, if you just keep opening trades as this strategy will only give you loss. In gambling, its important to quit as soon as you consume the money allocated for gambling. Likewise in trading we have to control our emotions regardless of whether you are getting profit or loss. The successful traders never greed nor they run after to cover their loses by opening unnecessary trades.
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