How to Survive a Trading Loss ?
It is the ability to accept the occasional trading loss that can be a
key factor in whether or not you become a profitable trader. I am not
saying trading losses are encouraged; but how you handle losses may
significantly affect your degree of trading success.
Refusing to tolerate and properly handle trades that don't work leads directly to trading errors. It is the inability to cope with the inevitable losing trade that causes traders to cut winning trades short, move stops in the middle of a trade, hold on to losing trades, average down, and fail to pull the trigger on sound trade setups.
Here are few steps you can take to survive and even thrive when suffering a loss:
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Refusing to tolerate and properly handle trades that don't work leads directly to trading errors. It is the inability to cope with the inevitable losing trade that causes traders to cut winning trades short, move stops in the middle of a trade, hold on to losing trades, average down, and fail to pull the trigger on sound trade setups.
Learning to accept and deal with trading loss may be just as important as making good trades.
Here are few steps you can take to survive and even thrive when suffering a loss:
Continue Reading
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