Trading Tips: Get rid of the fear of losses and become a trading champion
Losses do not equal failure. This is so important that I will say it again.
Losses do not make you a loser. In fact, losses can prevent you from becoming a loser.
Successful traders will accept losses as a simple part of the trading process.
Since losses are an integral part of trading, you must be willing to accept the inevitability of trading losses.
Profits and losses are like night and day, rain and sunshine, summer and winter, spring and autumn. Profits and losses are the natural laws of trading.
Fully accepting the inevitability of losses can reduce the intensity of trading.
Think of losses as the cost of doing business. If you are opening a grocery store, you cannot object to buying food.
You can't say: "Oh, I hope I don't have to buy any groceries this week!" Similarly,
If you are trading, you can't say: "Oh, I hope I don't have to lose anything this week!"
Trading is not about winning. Trading is about winning, and winning in the long run. This is a slowly growing asset curve.