- Nov 18, 2006
The main reason for that, and also why most traders fail, is, I presume, because people cannot accept losses which every system will have,
Losses are inevitable , accepting losses wont stop you from being profitable - not necessarily - . I know if a trader sucks if he - almost - doesnt have losses . Accepting losses is a crucial part of this business .
You will always read i must have done something wrong , my mistake , my bad ... etc . No its not your mistake you dont know the future , markets go up and down and thus losses are inevitable . Like winnings , if a trader has many winnings that wont make him a successful trader either - not necessarily - .
Note : Even if you didnt close a loss - unrealized - , its still a loss .