You can lose far more trades than you win. Either way, you can end up with a net gain or loss. Losing sessions and losing streaks are just part of day trading. If you need to break even faster than the market wants to give it to you, this could lead to more losses. Successful day traders accept losses and continue to trade a solid, patient game: Not adjusting size or adding to losing positions if it’s not part of the strategy, and not letting their emotions or impulsivity take over their trading. The difference between winning and losing can sometimes boil down to “paralysis effect” resulting from an inability to calculate the odds. They let their small losses paralyze them, preventing them from taking potentially winning trades. This is how they max out their losses and minimize their wins. Professional traders know the average losing streak of their game and understand that while there are no guarantees, the market could also hand them favorable conditions that are in line with their method. Short-sighted thinking and an inability to understand the fluidity of win/loss ratios, can lead to internal conflicts that can disrupt one’s trading. Pros do not take conflict personally. Sadly, many amateurs never learn this valuable lesson. When you play against the market you could be “bluffed”, and its part of the game of day trading. How you react to these events will determine your success, because your mental capital is just as important as your financial capital. Day trading teaches you not to take self-destructive actions because these are the actions that drain your energy and remove your focus.
