I learned a new lesson today on tradeciety on how I can improvely deal with my lose on trades.
Handling lose is really a challenging task for us traders since we are raised that making a mistake or having a wrong answer is not good. It's not good in school, it's not good in work, it's not good in the society. That's a fact so we are living everyday and trying not to make any mistake because if we commit mistake we feel bad, disappointed.
But on trading dealing on loses should be threat differently.
I learned it's better to practice that loses are part of the trading.
Since I learned to love taking loses I see a lot of improvements on my trading.
Just like in any business, we are not always correct. We don't have a good sale everyday.
We don't have a consistent costumer from time to time. And in trading we don't always win. It doesn't matter if we lose more than win as long as we have a good risk reward ratio, that if we win we are taking profit aggressively. I experienced this having a 40% WIN AND 60% but still I have a positive return at the end of the month.
My definition of lose: LOSES IN TRADING ONLY TELLS US THAT THE TRADE WE MADE IS NOT PROFITABLE.
We don't fail, we don't made a mistake (as long you trade your plan)... It's just the trade we made is not profitable and there are a lot of unprofitable trades, as well profitable trades too :)
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