This was a tough week. Yes, we suffered some losses. We don’t spend enough time discussing this skill set… how to become a good loser. What are the elements of becoming a good loser? What does that even mean? There are strategies for minimizing losses, and although not as great a feeling as winning, we need to understand and use some rules in regard to trades that simply did not go as we had hoped they would. Knowing how to keep the losses small and avoid blowing up accounts are just the beginning of the strategies that will increase your odds of becoming a good loser.
This topic is so important that today’s conversation is divided into two parts. First is the weekly recap of the trades we took in the Sector Secrets Mastery. The second part breaks down the strategies that will help you to get comfortable with losses. Understanding these strategies is essential to managing your trade, your money, and your mental stamina.
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