The first trade of the new year has taken place, but unfortunately, it was a losing trade again(!) If you look back at the last 5 trades, there was only one small winner, the other 4 were all 'regular' losing trades. As defined by my trading system, a single losing trade can never wipe out the entire account, but one after another can do serious damage.

In such a time, it's always difficult to stick to the strategy, stay disciplined. Better than changing the strategy would be to take a short break from trading. Build up that mental toughness again and feel the confidence return. Not only was the last trade a losing one, but it's also the one type that's probably most hated by all traders: getting stopped out and then watch the market go in your anticipated direction. The blue line was our entry, the red one our stop loss.