Here is a quick fix for the feelings of failure after a losing trade.
Trading involves losing money. There is no way around this fact.
Feeling like a failure after a losing trade is a normal part of life. It even brings on feelings of depression. A lot of traders will tell you to analyze the trade. Did you follow your trading plan? If so, don’t worry, be happy.
However, even if I followed my plan, it still would get depressed after losing some money.
I found an interesting cure to the problem. If I was having depressing thoughts, I tried to have them quickly. That’s right; I would speed up my mental thoughts.
I did a little research and I found many studies that showed people who were made to think faster (by timed readings or by making lists in under 20 seconds) , reported being happier.
Before you dismiss this as some bogus psychology, try it right now. Whatever you are thinking about, think about it very quickly.
Do you feel better? I bet you do.