How to Handle Losing Trades
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\nConfirm
\nDid I follow my strategy? Did I deviate in any way?
\nAnalyze
\nWas the outcome a result of something outside of my control? Did I ignore any red flags?
\nAccept
\nTrading the markets is a probabilities game. LOSING IS ESSENTIAL or the platform for earning this money wouldn\u2019t exist.
\n(THE REALITY) The market is a zero sum game. Buyers lose. Sellers lose. The house always wins.
\nPurest form of competition because everyone is a voluntary player, offering their money in the hopes of taking more out than they put in. In short, you\u2019re trying to take someone else\u2019s money because they\u2019re trying to take yours, make no mistake.
\nSo, because the nature of the game is a contest. We can only work to win more often than we lose, but not to never lose.
\nThe last step is key. If you have confidence in your plan and accept that there is risk and it\u2019s all probabilities, you\u2019ll be ready for the next trade that works in your favor.
\nANOTHER KEY: Don\u2019t try to make up the loss. That\u2019s like asking a casino for money back because you bet wrong. No, once you\u2019ve gone through acceptance, that last trade DOESN\u2019T exist anymore except in that it reminds you that you\u2019re 1 step closer to your winner. That\u2019s it.
\nAfter a string, it may be your strategy.
\nReevaluate with confidence, not concern
\nAttack. Next time you trade, approach with confidence
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