As a forex trader you have to learn how to take losses. Period. Don't be a
crybaby. Learn how to take losses.
Learning how to take losses is one of the most important lessons you must
learn if you want to survive as a trader. Nobody is 100% right all the
time.
Losses are inevitable. Even Michael Jordan and Tiger Woods lose sometimes
and they're considered the best in their field.
There will be trading streaks where you'll have a number of successful
consecutive trades, but that will eventually come to an end you will take
a loss.
As that point it.s very important not to lose your head, you must remain
in control of yourself. Don't have a cow man.
Take a break. Calm down and relax. Take a chill pill dude.
Until you've regained a clear mind and an ability to think logically
again, stay out of the market.
Don.t whine about your loss and never carry a prejudice against a loss.
The key to manage losses is to cut them quickly before a small loss
becomes a large one.
I repeat. The key to manage losses is to cut them quickly before a small
loss becomes a large one.
Never ever think that you will never lose. That's just ludicrous. Losses
are just like profits, it.s all part of the trader.s universe.
Losses are unavoidable. Get over the loss and move on to the next trade.
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