How not to lose money

Ironplates

Ironplates

As a high-performance coach and trader, I'm intrigued by the psychological aspects of trading. I'm looking to gather ideas and feedback on the psychology of avoiding financial losses.

What do you think are the most important psychological factors to consider? I'm interested in your insights, personal stories, and experiences.

Your input could spark some great discussions and be valuable to many in our community.

I'll add more myself along the way.

Thanks in advance for sharing!
 
Ironplates said:
As a high-performance coach and trader, I'm intrigued by the psychological aspects of trading. I'm looking to gather ideas and feedback on the psychology of avoiding financial losses.

What do you think are the most important psychological factors to consider? I'm interested in your insights, personal stories, and experiences.

Your input could spark some great discussions and be valuable to many in our community.

I'll add more myself along the way.

Thanks in advance for sharing!
More...

Many consider losses as some type of reflection over their decision-making, their desire to be right and avoid the 'intolerance of uncertainty.'

Unless they've worked out the max successive losses of their strategies, focus on execution/performance and play the numbers game, they will experience psychological discomfort.

Losses is this profession are just business expenses.
 
Ironplates said:
As a high-performance coach and trader, I'm intrigued by the psychological aspects of trading. I'm looking to gather ideas and feedback on the psychology of avoiding financial losses.

What do you think are the most important psychological factors to consider? I'm interested in your insights, personal stories, and experiences.

Your input could spark some great discussions and be valuable to many in our community.

I'll add more myself along the way.

Thanks in advance for sharing!
More...
Good Morning Ironplates,

Can you please explain a bit more what you mean by "How not to lose money"?

Are you referring to how not to lose money overall in your trading or how to avoid a loss on any trade you take?
 
95% of "trading" is not trading at all. Everything circles around STATS..which most traders don't do. System design is long process and often fails and fails and fails and fails etc years goes by till you start understanding the "game". Most design to reap greatest profits, I design for lowest drawdowns. You can learn much from retail who lose much of the time.
 
SimpleMeLike said:
Good Morning Ironplates,

Can you please explain a bit more what you mean by "How not to lose money"?

Are you referring to how not to lose money overall in your trading or how to avoid a loss on any trade you take?
More...

I'm more interested in the mindset behind [not losing money] beliefs, references, labels, and feelings, emotions, and even the role ones relationship with money can have.
 
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