4 Steps of Dealing With Losses - 32
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How do you deal with the emotions of losing money when trading?
How do you get over the feeling of being punched in the gut and seeing your hard earn money disappear?
That's what this episode is about.
There are 4 Steps or Stages that I go through when I lose a hefty sum and I detail them in detail.
Losses are part of trading. We will have them.
But sometimes, the markets throw us a major curve ball and the losses are larger than we are emotionally ready to handle.
And that is why we have the 4 Stages of Dealing With Losses.
If this is a path you want to take, this is what you want to do, and I hope it is because it's amazing, 99% of the time, it's amazing.
Maybe once a year, you might have a time where you're feeling, at least, for me, I feel this bad.
When I was learning how to trade, it was a lot more often. It was maybe once a month, but since it's gotten better, I've been more in control over my emotions, and now it's got a lot less.
Follow these four steps, if you have any cover, if you have any losses, overcome them. This is how you do it.
This is the plan.
If you need any help, reach out to me, and we'll be sure to help you out as much as we can. Peace. Don't forget, trade with the odds in your favor.
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