Learn To Take Losses

[ChipShotTrader]

Yo, B @destriero

What do you do?

O-toro rocks

 

[ondafringe]

I had a big loss last Thursday. Took Friday off. Then had sushi (flown in from Japan!). I treat myself to nice things to counteract the depression/frustration. And I know this sounds weird, but I super brush my teeth, shave, shower, massage, etc.

To let the Universe know, YOU CAN'T FUCK WITH ME.

The rest of the time, I am following Tom Brady's boring ass diet, and get 9 hours of sleep, etc. Google it!

O-Toro flown in from Japan does WONDERS!!!

All sounds good. Well, except for "super brushing" your teeth -- bad for your gums!

And I follow the boring-ass keto diet, but it works.

 

[ivyluk]

Taking losses in trading means accepting them as a natural part of the game,understanding that they often cannot be avoided. Practice involves creating clear exit strategies, sticking to them, and assessing each setback to learn lessons without getting caught up in the moment. To effectively manage the markets, one has to accept risk management while keeping a disciplined mindset.

 

[murray t turtle]

You are very lucky, you have a loving Mom.

%%
Amen, she was past tense, wise loving Mom, lived to about 95.
I would NOT get to excited about that [ non Jack Schwager] sell it /titled Book ''Best Loser Wins''
True its a catchy title, but if that's the main focus , that just makes one a better than average loser+ maybe no winner @ all LOL.
Its also a good book in the sense he puts best loser in same sentence as Wins ;
back to the song Jessy D Destined to Win/BBC\ @ London England.
Best wise worker wins.
IF he had titled it Win + Working Overtime @ JPM, may not have book sold much @ all.LOL
Most people were not smart enough to learn to lose + profit off 1 MSFT or 1 SPY, or underperformer like [ 1]SPYV, starting ;
but live + learn

 

[ironchef]

Sounds like you arent trading big enough,or you have a high pain threshold

I have modest aspirations.

Day trading for a free Big Mac is big enough for me.

 

[ironchef]

I had a big loss last Thursday. Took Friday off. Then had sushi (flown in from Japan!). I treat myself to nice things to counteract the depression/frustration. And I know this sounds weird, but I super brush my teeth, shave, shower, massage, etc.

To let the Universe know, YOU CAN'T FUCK WITH ME.

The rest of the time, I am following Tom Brady's boring ass diet, and get 9 hours of sleep, etc. Google it!

O-Toro flown in from Japan does WONDERS!!!

But I worry about the Japanese sushi part. Depends on where in Japan were they from. Avoid those caught around Fukushima if I were you.

 

[ironchef]

Taking losses in trading means accepting them as a natural part of the game,understanding that they often cannot be avoided. Practice involves creating clear exit strategies, sticking to them, and assessing each setback to learn lessons without getting caught up in the moment. To effectively manage the markets, one has to accept risk management while keeping a disciplined mindset.

Appreciate your input.

Can't criticize what you said. Easy to say hard to do in practice.

But the good news is it gets better with practice.

 

[ondafringe]

But I worry about the Japanese sushi part. Depends on where in Japan were they from. Avoid those caught around Fukushima if I were you.

Better yet, don't eat anything that comes out of the water -- fresh or salt -- because it's all polluted. And now they're finding microplastics embedded in the walls of blood vessels.

 

[hilmy83]

I have modest aspirations.

Day trading for a free Big Mac is big enough for me.

Is big Mac means something else? Cause trading just for a big Mac is pretty sad. Why are you wasting time for scraps. Begging on the streets is easier without the stress.

 

[murray t turtle]

I have modest aspirations.

Day trading for a free Big Mac is big enough for me.

%%
LOL/thats big, no wonder they call it BIG Mac;
I like the MCD regular burgers +more profit.
They have good coffee, but I usually do home brew;maybe Starbucks or XOM traders coffee some LOL
I seldom eat out, but use moving averages+ some swing/positions trading investmenst.
MARCH mostly short term trades also ................................