The BIGGEST Trading Mistakes According to Chat GPT | OVTLYR UNIVERSITY Lesson 16
What to Do When Nothing Is Working
Introduction
Every trader hits a stretch where nothing works. The setups fail, confidence drops, and frustration creeps in. This lesson gives you a systematic approach for handling those moments so you don’t spiral mentally or financially.
1. Accept It: Flat Spots Are Part of the Game
● Even pros go through losing streaks.
● The market may not be trending or setups might dry up.
● It’s not a sign that your system is broken.
Don't panic. This happens to everyone.
2. Pull Back Risk Immediately
● First step: reduce or eliminate risk exposure.
● Don’t keep trading full size if the results are random.
● Consider:
○ Cutting size
○ Taking a few days off
Going to cash temporarily
The worst damage happens when traders push harder during bad stretches.
3. Review Your Last 10 Trades
● Ask:
○ Did I follow my rules?
○ Were the setups actually valid?
○ Was the market aligned?
● If the trades were clean: this is variance.
● If not: this is a discipline problem.
4. Reset With the Basics
● Go back to:
○ A+ setups only
○ Full checklist compliance
○ Strict risk management
● Trade slower, smaller, and with more intention.
Reset the system before increasing aggression again.
5. Avoid “Make It Back” Trading
● Don’t try to force big wins to recover losses.
● That mindset leads to oversized trades and emotional decisions.
● Let the account recover slowly through process, not urgency.
6. Use the Time to Refocus
● Rewatch winning trades.
● Review your trading journal.
● Rebuild your confidence by focusing on what has worked.
Your edge isn’t gone, you just have to reconnect to it.
This concludes Lesson 16. Now you know how to handle the inevitable periods when trading feels off. Instead of spiraling, you’ll reset, refocus, and rebuild, just like professionals do.
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