Don't lose a part of yourself when taking a loss

Losing a part of yourself with a loss is a common experience for many traders.

When you're in a trade it's easy to get caught up with emotions.

When it's going your way, you almost feel like you've banked a winner.

When it's going against you it feels like you're a failure and have lost already.

You got to work on it and stop both feelings from taking over your trading.

There is financial loss but more important emotional loss.

Take the financial loss as a simple cost of running a business.

But NEVER get caught up with the emotional cost of failure.

Rather drop your risk per trade even more, until the point of losing or gaining has no significance to your emotions.

Achieve that and you'll know your risk profile and where you are right now as a trader.

Work on it and it gets easier over time.

Trade well, live free.

Timon
(Financial trader since 2003)