How to to benefit from loss?

[ironchef]

well, could have paid for a nice hooker with that 1 grand

You do have a one track mind sir.

 

[murray t turtle]

I agree with Seaweed. For trading to work, you need a plan. That works if followed. Then you need to follow it! Your job is to do that, not "make money" and the money will come. It can be a long process to get to be able to do this. "Following the plan" means you have discipline, a healthy mindset, etc It can take years to obtain this, honestly. But, in my experience, this is the way to get there. It is simple, but not easy.

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Good points, on good plan. BUT to win a trading contest, especially IF they give you the cash/play money; that is much different from real life. It's like we played the game ''Monopoly'' as kids; but real estate is more complex than that kids game. When I entered a trading contest, I made myself a note ''do NOT trade like this in real life''