Top things to do when you are frustrated with your trading performance

Every business and professional in the world faces bad times at certain stages. The person who manages their problem with the extreme level of care overcome this situation within a very short period of time. If you are involved in forex or CFD trading then it’s very likely that you will have bad times at certain stage of your trading career. Most of the traders lose their hard grip of their trading discipline in such circumstances and incur a huge loss in the market. But the expert always knows that this time will come where everything will go wrong against them so they are well prepared for such scenario. So how does the professional deal with their problem in the bad times? The answer is pretty simple. They simply follow some technique to get back to their sparkling performance in the financial industry.IN this article we will highlight some of the key things that you should do when you are having series of losses in the market even after doing everything right. You might be thinking that you are the only one with such problem but in reality, most of the financial instrument traders face such times once or twice in a year.

Take a break

This might be sound ridiculous but in fact this the best thing that the traders can do when they are bisected with series of losses in the market. If you are following your trading rules and have a clear understanding about fx trading then you might be wondering what possible things you can do to make things better. The first thing you should is to take a break. Sometimes the human mind gets coagulated and fails to retain its efficiency in the working environment. In such stage when you take a break your mind will be elevated and you will be in touch with different worldly things. So this will act as a reboot program for your trading mind. So the next time when you will again start your trading then you will see a dramatic improvement in your trading performance and your lost confidence currency trading will be restored within a fraction of a second.

Winning and losing is just random event

Imagine that you have a trading strategy capable of generating 65 %  profitable orders in the market.65 % winning strategy is considered to be an extremely profitable trading strategy in forex and CFDs trading. But you should also have a clear understanding about the percentage. Out of 100 trades, your system is going to have 35 losing orders in the market. The winning trades and the losing trades are scattered in a random fashion in the dynamic market. So even after having such a good winning ratio you still can have 35 consecutive losing trades in the market. So this must be very frustrating to you. Experts are never worried about their consecutive losses since they know they will also have consecutive winners in the market. So you should stop worrying about the individual trading result and focus on long-term performance in the market. No matter what happens to go through your trading discipline guide every single day and this will help you to deal with your losing trades fearlessly.

Determine your lot size properly

This is one the key factors that every single retail trader fails to perform perfectly. As a professional trader, you must develop a unique sense feeling about each single trades in the market. You should always know the highest amount that you can afford to lose in a single trade in terms of dollars. When the golden trading opportunity comes in the market with relatively tighter stop loss you can go for bigger lot size trade. On the contrary, if the perfect reading opportunity comes with a wide stop loss then you should go for that trade also but with smaller lot size. You should be smart enough to scale you lot size depending on your trading setup and reliability.

Stop overtrading

This is one of the most deadly mistakes that the rookie traders make in their forex trading career. Even there are many forex options traders who trade in the smaller time frame and thus take low probability trades in the market. You might be following the strict money management rules in every single trade but overtrading will ruin your trading career in a passive way. For instance, if you take 5% risk in every single trade and the number order you execute in a single day is 10 then you are literally taking 50% risk of trading account capital. As a professional trader, you should always focus on high-quality trades in the market and trade them with a great level of confidence. This will dramatically improve your trading performance in the near term future.

Stop looking to your trading charts

There are many traders in the financial world who spend most of their time at looking to their trading charts. Though it will help them to understand the market sentiment very quickly but the overall effect will be extremely negative. The forex market is always tempting the traders to take trade in the market. And if are glued to your trading screen all the times then you will be taking low probability trades in the market very frequently. If you truly want to become a professional trader then you must have specified trading times. You need to spend your time on other activities since it will refresh your mind and allow to take more justified trades in the market. And always remember that trading in the higher time frames generates high profitable trading setups in fx trading.