December 31st, 2008

Become Good at Losing (16 of 26)

Written by Kirk | 4 Comments

Topics: Disciplined Trader Series, Inside The Trader's Mind, Money Management, Planning A Trading Career, The Disciplined Forex Trader, Trading Strategies, Types of Traders

We get a lot of questions and comments about what this means.  You should know by now that you will lose sometimes when trading.  That does not mean you will lose all of your account unless you use poor money management techniques or none at all.  It means don’t get all emotional about a loss they are going to happen and the sooner you can get over it and move on the faster you will become a good trader. Accept the fact that you are going to have losing trades throughout the day or week. Get out of your losers quickly. Love to get out of your losers quickly. It will save you a lot of trading capital and will make you a much better trader.

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Comments

4 Responses to “Become Good at Losing (16 of 26)”

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