Continue reading...I hate to lose. It’s just such a bad feeling when I lose. Everything else in my life I can pretty much force my way and prevail – but trading has my number. And I know that losing is part of trading, but that doesn’t make it any easier to take a loss. It’s one thing to tell yourself that platitude, but it’s quite another to actually take a series of losses and see your P/L shrinking. It’s getting harder to keep my winning attitude when I lose, so I have to push myself even more. I can see what I’m doing is not working, but I keep on doing it hoping that through sheer determination things will turn around.
Your Winning Mindset Is Killing Your Trading
To be successful, traders must travel down a collision course between two equal, but very opposite, forces. First is the force (deeply rooted in the survival instincts of our species) that wants to win (and in particular, not to lose) and make things happen. This is a trait that is hard wired into human response patterns...
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