Here’s how to never take LOSSES whilst trading crypto again.
It’s pretty simple.
I used to lose trade after trade and wonder, why me?
Then I understood these 3 things.
It changed my trading forever.
Here they are:
- 1. LEARN FROM YOUR LOSSES
A loss is not a loss.
Why?
If you learned something, that loss is just the price you had to pay to learn.
Each loss should be able to teach you a lesson.
Unless... you stuck to your plan.
If you don’t stick to the plan, you will not learn anything.
Which brings me to the next point.
- 2. STICK TO YOUR PLAN.
There will always be another trade.
So stick to your analysis.
Take the win or loss like a man.
If the loss was in your plan, you didn't lose, sticking to your plan is always a W.
- 3. DO NOT CHASE YOUR LOSSES.
Don't try and make back your losses.
Tomorrow is a new day.
Know that you are one step closer to becoming profitable.
Take time off and come back to the charts tomorrow with a fresh mindset.
Manage your following trades without thinking about the negative trade you need to make back.
I know this may not be what you wanted to hear,
But it’s exactly what you needed to hear.
