A few weeks back I stressed to folks to not spend any amount of energy "personalizing" a loss because:
1. Losses are to be expected when trading (every trader experiences them) and
2. The markets are uncertain, and therefore there's no way to predict the direction of the markets with great accuracy because most traders don’t have the money to create a direction.
It then begs the question, if there's no certainty in the markets; what's the point of trading? Well, while there is no certainty, you can still trade in a manner which allows for consistent profits.
For me, I focus on following my methodology and also, the things I can control. Understanding that if I keep my winners large and my losses small, in time, I will slowly but consistently accrue profits.
That brings me to the sole purpose of this blog. In order for me to remain profitable in the markets; I have to ensure my trades have 1 of 4 outcomes.
A BIG WIN or
A SMALL WIN or
A SMALL LOSS.
That's it. If you do your best to prevent racking up monumental losses; you will do just fine trading.
Spend your time, gaining as much knowledge as you can about the markets; don't waste your time stressing over any one individual trade.
Good, Bad or Ugly. Leave a comment below or on any social media site of your choice.