Thanks. I'm a noob. I just figured more experienced traders would have had to deal with loss before and wanted to know what other people did.
Yeah. Shortly after I registered in 2013 life took me in a TOTALLY different direction than I planned. I'm finally getting back to a point where I can focus on trading. Yeah. Shortly after I registered in 2013 life took me in a TOTALLY different direction than I planned. I'm finally getting back to a point where I can focus on trading.
Frankly, I'm not all that experienced of a trader yet - been at it well under a year. But I've got enough length and breadth of life experience, both involving losses and in general, that I have a pretty good clue about handling and recovering from adversity. It's a skill - and one of things I like about trading is that it forces you to acquire it if you're going to succeed.
leaving emotions aside, after that, it is time to objectively analyze why we have lost and how we can improve and finally put aside fear to lose
Well said. Reviewing is the best way to handles losses. that helps you learn from mistakes and avoid them too.
%% YES,best way on trading losses is cut back on size; or stop trading=unless you have a real low hit rate.Hate losses, so i tend to call them business expences LOL. [ALSO note the difference in drawdowns + losses.On right right side of like, a 50or 200dma SPY or QQQ trend= OK. But a co that went bankrupt, like DAL, AMR,LEH, don't trade those from the long side @ all. Even more so when, they keep doing dumb stiff like DAL CeO noting he is buying a billion bucks of carbon credits.......................................................................]