What are some important tips to handle trading losses?
TRADINGFEATURED
"When I take a loss, I am completely unfazed, I don’t care if I win or lose"
If you are a sore loser, trading is not for you.
To be a successful trader, you need to learn to lose.
When I take a loss, I am completely unfazed, I don’t care if I win or lose. Because I know it’s all part of a plan that I have tested for tens of thousands of hours. Most traders in the world hate losing - they think it’s a bad thing. But the most consistent traders are the ones that count on losing.
They know that their system is doing exactly what it is supposed to do.
Their system is taking the losses necessary to deliver overall growth into their account as the synchronization between the wins, break evens and the losses add up and produce long-term profitability.
Learn to lose.
Credit: Quora