Struggling to overcome the emotional and financial pain of a big loss in trading? Are you constantly chasing the illusion of control and falling into the trap of gambling instead of trading?  No matter how experienced or knowledgeable you are, trading can sometimes be a difficult game. While failure is inevitable and learning from it is essential, the magnitude of your losses determines what kind of lesson to take away.  In this episode of the Trading Psychology and Mindset Podcast, I delve deep into the workings of our brain and share insights on how to train the mind you bring to trading into the mind you need for trading success. I understand the pain that comes with a big loss and why this comes from how our brain is wired to control outcomes at all costs, which is just an illusion that sets us up for failure.  Don't let large defeats cloud your judgment – look for catalysts that force an outcome outside normal parameters before making meaningful changes in strategies going forward! Ready to break away from the pack and become a successful trader? Take advantage of my podcast, where you'll learn how to train your mind for success! Tune in today - unlock your trading potential.   Episode Highlights: Welcome to The Trading Psychology and Mindset Podcast  [0:00] Crash and Burn: What Happens When You Take a Big Loss? [1:38] How to Cope and Recover After Taking a Big Hit in Trading [3:31] The Pitfalls of Approaching Trading with a Profit-Driven Attitude [5:36] How Our Desperation to Avoid Losses Can Lead to Disastrous Results [7:17] Harnessing the Power of Diaphragmatic Breathing in Trading [9:04] Coping Mechanisms After a Trading Loss [11:11] Making the Biggest Mistake of Your Lifetime in Trading. [12:48] The Power of Shame: Using It as a Tool for Positive Change [14:45] Reconstructing Success: Separating Incompetence from Self-Worth in Trading [16:50]   Connect with Ash Playsted: Website: https://www.mindsetfitmethod.com/ Connect with me on LinkedIn: https://www.linkedin.com/in/trading-psychology-master-coach/ https://www.linkedin.com/company/the-mindsetfit-method/ Follow me on Facebook: https://www.facebook.com/mindsetfitmethod Follow me on Instagram: https://www.instagram.com/ash_playsted/ Follow me on TikTok: https://www.tiktok.com/@mindsetfitmethod Subscribe to my Youtube Channel: https://www.youtube.com/c/TradingPsychologyandMindset See omnystudio.com/listener for privacy information.