To engage in trading, one must understand the principle that profits and losses stem from the same source. If you fear losses, dislike losses, and refuse to accept losses, it will be very difficult to truly profit. There are no absolute losses, nor are there absolute profits. Losses and profits go hand in hand and cannot be separated. What we need to do is find ways to minimize losses as much as possible while maximizing profits indefinitely. In many cases, the fear of losses comes from a reluctance to take responsibility and a fear of facing the consequences of one’s decisions. If you are a person who takes responsibility and is willing to bear the consequences of your decisions, then you will not fear losses. Before placing an order, you can set a limit on how much you are willing to lose, and then set a stop-loss, so that the maximum loss is what you have predetermined and can bear. With repeated practice, you will become accustomed to losses, and they will no longer bother you. You will not fear them. This means that before placing orders each day, you should determine how much you are willing to lose that day; if you reach your predetermined loss amount, stop trading and turn off your computer. Start again the next day. As for how much profit you make, that is determined by the market. However, how much you are willing to lose is entirely up to you. In the world of trading, understanding how to lose money, accepting losses, and being aware of losses is essential to truly making money. Good luck.
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