#1 Trading Psychology : Accept Losses Its Part of the Process.
I'm sure many of you have experienced this before. Me included.
The market moves against you, so you extend your stop loss. The market moves against you again, so you extend your stop loss again, thinking that the market will reverse in your favor.
We all know what happened next. The market never reversed and you lost a huge chunk of your capital.
It is very important to respect your stop losses and let the market take you out so that you will not have to take the mother of all losses.
The market moves against you, so you extend your stop loss. The market moves against you again, so you extend your stop loss again, thinking that the market will reverse in your favor.
We all know what happened next. The market never reversed and you lost a huge chunk of your capital.
It is very important to respect your stop losses and let the market take you out so that you will not have to take the mother of all losses.
