The Psychology of Losing

Disciplined Trading Strategies · May 30, 2024 · 17m

New traders get knocked out of the game because they don’t take their stops. You probably heard that 5000 times if you spent even one hour researching the topic of trading. As a matter of fact, there is even a special division of hell saved just for traders who don’t take their stops in case you weren’t aware of that. But here’s another one for you and perhaps my favorite saying. Experienced traders go broke because they do take their stops.

There is a right way and a wrong way to handle the placement and management of your stops. More money is likely lost in trading through not understanding…