Learning lessons ❤️
Just thinking:
I can remember a 💡moment I had last year during a stretch of back to back red trading days. It was something I'm sure others might have told me but I really needed to come to the realization myself.
I can remember a 💡moment I had last year during a stretch of back to back red trading days. It was something I'm sure others might have told me but I really needed to come to the realization myself.
When down or losing... you don't have to stay in and keeping losing more...
Stay with me for a second...
What I mean is, 💡 you actually have a chance to turn it around. All hope is not lost.
Stay with me for a second...
What I mean is, 💡 you actually have a chance to turn it around. All hope is not lost.
So when I would swing a trade and it might open red, I started to think 🤔 hmm , there is still time in this trading day to A. Stop my losses, B. Reassess, C. Take that money and put it into a higher confidence trade (get on the correct side of the market) and D. Turn that red day into a green one.
However, that required that I got over that emotional and psychological barrier of being afraid to take a loss (another form of fomo). Taking a small loss or even a big one > losing it all and blowing up my account. ❤️
Learning that lesson gave me *HOPE*❤️
As long as I had something, I could turn it around and grow my account. For that to happen I have to be okay with taking a loss and when the trend changes to exit quickly.
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