How not to lose money

[murray t turtle]

How do you deal with losses?
Why do you consider how to avoid losses a quality question?
When you consider that the majority of traders will experience losses, having a coach ask how to avoid losses gives the impression that you should be able to avoid them. Not realistic!!

%%
!00% will;
no such thing as any business without expenses[losses].
But elementary math is involved which has right + wrong answers LOL

 

[PPC]

%%
!00% will;
no such thing as any business without expenses[losses].
But elementary math is involved which has right + wrong answers LOL

The above is funny, yet so true!

Professional traders get it, i.e., they fully accept that they’re running a business based on numbers, while amateur traders are not approaching trading as business at all, they're just pouring their money into expensive hobby of the “wrong” vs “right” game . . . unable to see their flawed reasoning from a detached perspective. They keep on associating a mistake with a loss instead of associating it with not following their plan. It takes time to rewire the brain.

 

[murray t turtle]

The above is funny, yet so true!

Professional traders get it, i.e., they fully accept that they’re running a business based on numbers, while amateur traders are not approaching trading as business at all, they're just pouring their money into expensive hobby of the “wrong” vs “right” game . . . unable to see their flawed reasoning from a detached perspective.
They keep on associating a mistake with a loss instead of associating it with not following their plan. It takes time to rewire the brain.

%%
1] Fun + funny + true;
of course @ [#1, not all + most metals give no refunds /.
Metals dealer once looked shocked when i told him once '' i can't sell for that/i have more in it that that, just before he gave me the cash + cash ticket LOL
Brass rods were filled with like\ short iron not near as valuable as brass;
honest mistake.
Typical man /fixed it @ home , took a bit of time to get the iron out LOL[Like short iron not an iron the shirt in this context]LOL

 

[Ironplates]

%%
!00% will;
no such thing as any business without expenses[losses].
But elementary math is involved which has right + wrong answers LOL

it's a quality question....because it evokes a response such as yours. not everyone may answer the question the same.

therefore could that make it a quality question? because otherwise the client being asked may not have spoken the answer "aloud".

limiting [opinions, beliefs, and convictions] most likely are not true, that's why they're limiting" and result in one not properly interacting with their environment.

ie. if I don't believe a traffic signal or painted yellow center line is valid, that belief will work until proven otherwise.

also, there can be a belief that "indicators move price", this may or may not work until proven otherwise.

as a coach, I am a guide, not a hero.

you dear reader have the answer inside you, and that is revealed by asking more quality questions and IMHO making lots of bad decisions. because successful people have just made more bad decisions than you have. successful people learn what works and what does not and change their approach.

hope that helps provide additional context.

some additional questions to consider:

what if [meanings, labels, and references] are a choice? if so, what could or could not change for you?

how could you make it easier for you to feel good and harder for you to feel bad?

in what ways does your brain seek to make you feel hope when you should fear?

what is your relationship with money and time? what are ways to improve that relationship?

 

[murray t turtle]

it's a quality question....because it evokes a response such as yours. not everyone may answer the question the same.

limiting [opinions, beliefs, and convictions] most likely are not true, that's why they're limiting" and result in one not properly interacting with their environment.

what is your relationship with money and time? what are ways to improve that relationship?

%%
Good questions;
+sorry \your statement proves you did terrible in math LOL
Thanks for the questions

 

[Jas21]

For sure. How you deal with losses and your feelings about money play a big role. It’s not just about having the right strategy, managing your fear and attachment to money is key. Reflecting on this can help you stay balanced and handle losses better.

 

[Goldlover]

For sure. How you deal with losses and your feelings about money play a big role. It’s not just about having the right strategy, managing your fear and attachment to money is key. Reflecting on this can help you stay balanced and handle losses better.

Fair point! Couldn't agree more

 

[oshjdf]

Hi all. Im actually interested in everyone's own definition of [not losing money] and everything and anything around that subject. The only answer that matters is your answer. Im wanting to learn and understand other peoples perspective on this subject. That is what would help me.

Thank you for your generous insights.

I seriously don't know how to respond how to not losing money if what you meant is per trade. Trading is game of numbers. If you have edge and execute large number of trades according to your playbook, your edge will show itself. The result of a trade is meaningless.

The hardest part is not trading but design a trading system that has edge.

 

[Andrew_SE]

Hi everyone, I'm new here, but I can already see that this topic is crucial in the world of trading. For me, one of the most important rules is to never trade under the influence of alcohol or drugs. It's essential to keep a clear, focused mind when making decisions. Always trade with a cool head—it's the key to success.