How to take a Loss

How to take a LossLesson 3 of 94 min read

The first loss

Why the first loss after you learn to execute is a good sign, and why that is not a reason to go looking for more.

At some point you will place a trade by your rules and it will lose. That day is worth planning for now.

Be pleased about it

The first loss after you learn to execute, meaning place trades by your rules, is a good thing. It means you stopped reading and started doing.

You now have something no amount of reading gives you: a closed trade, a number, and a chart to look at afterwards.

The first loss is proof you are past the reading stage.

Failing teaches faster

A trader who has taken a hundred losses knows more than a trader who has taken none.

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