The Psychology of Losing
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Description
New traders get knocked out of the game because they don’t take their stops. You probably heard that 5000 times if you spent even one hour researching the topic of trading. As a matter of fact, there is even a special division of hell saved just for traders who don’t take their stops in case you weren’t aware of that. But here’s another one for you and perhaps my favorite saying. Experienced traders go broke because they do take their stops. There is a right way and a wrong way to handle...
More Episodes
This is actually a great topic. Yes, this is episode 54, and I’m still calling things great topics as if they should’ve been the first thing you heard. There is such tremendous misconception about the skills needed to trade/invest for yourself that it leads to two issues. Some people who try to...
Published 10/24/24
Published 10/24/24
Note for the faint of heart… A quick word if you are very new. When a trader takes a trade, that trader will always (should always) have a point at which they feel the trade is no longer working and therefore have to exit. This protects the account so that you don’t take your account down to zero...
Published 10/03/24