Don’t LOSE yourself with LOSSES

by | Dec 1, 2023

Losses are inevitable with trading.

It’s one of those games where you have to take losses in its stride, without batting an eyelid.

But it’s also a mental game.

And the trick is to not lose yourself in the process.

This is the article for you to grow a thicker skin, leave ego at the door.

And most important – Lose small to win big.

Let’s being.

  1. Don’t Blame – Own It

The Blame Game is for Amateurs.

Don’t blame the news, the charts, your friends or your colleagues.

You are 100% responsible for the financial decisions you make.

You need to embrace your losses.

Own your trades, good or bad, and transform setbacks into stepping stones.

  1. Don’t Break Stuff – Relax: The Market Isn’t a China Shop

If you are not able to keep your cool, it means one of two things.

  1. You’re risking too much for your portfolio to handle.

  2. You’re not in the right mentality to accept losses yet with your trading.

If you feel you want to hulk-smash your keyboard after a loss.

Then ask yourself those too questions.

Am I risking too much in my trades?

Can I psychologically handle losses with this game yet?

Relax, take a deep breath, and resist the urge to succumb to emotions.

  1. Don’t Be Discouraged: Every Storm Ends with a Rainbow

Red Days Don’t Define You – They Refine You.

Losing streaks are like thunderstorms.

They are ongoing, they are loud and they cause a BIT of damage.

But also remember:

They are temporary

They can be controlled through the right risk management.

They are paving the way to the next winning streak to take your portfolio to new highs.

  1. Don’t Panic – Expect It: Like Taxes, Losses are Inevitable

If you have a winning and proven strategy, you’ll know your portfolios moves in a zig zag manner.

So why panic? Expect them and prepare for them to come.

Besides, eventually you’ll find losses bring balance to your trading and your results.

And just like markets zig zag, so will your account.

The trick is to make sure the zig zag continuously moves in an uptrend.

If that makes sense.

  1. Don’t Quit – Believe in Your System

When the going gets tough, the tough don’t quit.

Believe in your trading system, trust your journey.

Just because you took a perfectly aligned trade, does not mean it will work out.

Every system has a win rate as well as a losing rate.

And believe it or not…

Not every trend is your friend.

With every winning strategy, you will still face fakeouts, shakeouts and whipsaws.

Your goal is to take every trade according to your winning plan, without high expectations of any trade working out to your favour.

  1. Trading is like a Netflix series

Think of losses as the unexpected plot twists in your favourite series.

Every story has drama, challenges, obstacles.

It keeps the story interesting, on your toes and it builds up to hopefully a happy ending.

The markets also have their own plot twists.

And during the losses, setbacks and drawdowns – Eventually, the market rectify and trend.

And this then leads to big winners which takes your portfolio to trading triumph.

And it makes the ending of the series even more satisfactory, enjoyable and prepares you for the next round!

FINAL WORDS:

Don’t LOSE yourself with losses – instead…

Let them be your guides to becoming a seasoned trader, navigating the waves of volatility with style and resilience.

Let’s sum up the why you should not LOSE yourself with losses.

  1. Don’t Blame – Own It

  2. Don’t Break Stuff – Relax: The Market Isn’t a China Shop

  3. Don’t Be Discouraged: Every Storm Ends with a Rainbow

  4. Don’t Panic – Expect It: Like Taxes, Losses are Inevitable

  5. Don’t Quit – Believe in Your System

6. Trading is like a Netflix series

Trade well, live free.

Timon Rossolimos
Founder, MATI Trader

 

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Trade well, live free.

Timon Rossolimos

Founder, MATI Trader

 

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