the mindset to have for dealing with losses

[Mr Subliminal]

Quote from abogdan:

Try to come up with a little treat for your self to celebrate your discipline. It helped me.

A good disciplinary flogging administered by the right person not only celebrates discipline but reinforces it.

 

[Roxyman]

Quote from abogdan:

I think the key here is to try to develop a feeling of being proud of yourself for taking a small loss rather then sitting on a loosing position. Try to come up with a little treat for your self to celebrate your discipline. It helped me.

I am afraid to ask what "little treat" did you come up with.

 

[abogdan]

Quote from Roxyman:

I am afraid to ask what "little treat" did you come up with.

Well, its green (pale green), it smells, it burns well when its dry, it develops your appetite, it makes you think better and relaxes your muscles, its easy to use but really hard to store, it makes you dream and believe in your dreams.
Clear?

 

[murray t turtle]

Quote from overload:

Good point, GG. Similar to sales, Every "no" gets you closer to a "yes."

Good and positive way to look at losses.

I think the goal here is to have small losses when a loss occurs yet have (much) larger wins when they happen.

Good post!

ol

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Even when i finally learned to pretty much cut losses;
they still bothered me a lot because perhaps they seemed to indicate a lack of excellance.

Finally became much more agreeable with actually accepting peacefully cutting losses.


For me it was;
IF I DO NOT CUT THAT LOSS IT BECOMES AN UNEEDED , larger , BUSINESS EXPENSE.

Its fun to watch out for uneeded business exspenses.