Understand that losses are part of the process
If you lose 2/3 of your trades, you're still profitable if you hit 200%+ on 1/3 of your trades
You should not be phased whenever you lose
- Risk roughly the same on all trades (except if you have conviction/alpha)
- Have a set amount that you're comfortable losing
The hardest part is to not become emotional after a loss & deviate from your initial plan
Focus on your next opportunity, don't let previous trades affect your performance
If you lose 2/3 of your trades, you're still profitable if you hit 200%+ on 1/3 of your trades
You should not be phased whenever you lose
- Risk roughly the same on all trades (except if you have conviction/alpha)
- Have a set amount that you're comfortable losing
The hardest part is to not become emotional after a loss & deviate from your initial plan
Focus on your next opportunity, don't let previous trades affect your performance
6 months ago