How do you handle failure?
- Thread starter chasinfla
- Start date
I second that.
" I'm not a crook"
Disco, Leisure Suits, avocado green and harvest gold and Nixon and Carter to name a few.
OTO, back to the question of failure, it depends on what you consider a faiure.
In my trading a trade that loses money that is part of my trading plan is just another trade, since the plan has about 55% losers.
If I place the trade and take the exit my plan calls for I look at winners and losers the same way
DS
Baruch,
It's entertaining to read all the various rememberences of the 1970's.
What I recall about those seminars was that they preached "Positive Thinking", just for the sake of, "Positive Thinking".
This headline has grown old here in America about the science of "Positive Thinking".
I would rather like to think that the more sophisticated trader has evolved into taking a more realistic view and has a TRUE basis for "Positive Thinking".
Michael B.
P.S. Now I expect a meaningful discourse from you Baruch rather than your one line comments, ok? I have observed your posting history and have noted what you do frequently with those one-liners.
It's entertaining to read all the various rememberences of the 1970's.
What I recall about those seminars was that they preached "Positive Thinking", just for the sake of, "Positive Thinking".
This headline has grown old here in America about the science of "Positive Thinking".
I would rather like to think that the more sophisticated trader has evolved into taking a more realistic view and has a TRUE basis for "Positive Thinking".
Michael B.
P.S. Now I expect a meaningful discourse from you Baruch rather than your one line comments, ok? I have observed your posting history and have noted what you do frequently with those one-liners.
In the past, with overleveraged trading and very emotionally, but now by trading less and better money management. Losing trades don't bother me as much anymore, except when I deviate from good risk management.