The greatest fear in trading is the fear of losing money. How can we overcome it?
The philosopher Russell's method is very straightforward: confront your fears.
Here is a practical exercise: intentional loss training method.
Prepare 100U and strictly follow the loss plan within a week.
Rules:
No random trades/Blindly increasing leverage.
Stop-loss must be set.
Only trade opportunities within the system.
Goal: To desensitize you to losses through repeated losses until you can calmly accept that "losses and missing out are normal."
Interesting paradox: When strictly executed, this 100U is often difficult to lose all of it, and you may even profit. However, when you increase your capital, the fear will resurface.
At this time, you need to:
Maintain a position that allows for a good night's sleep.
Adding position criteria: After increasing the position, you still can sleep soundly.
Important premise: You must first establish your own trading system; otherwise, you won't even qualify to be afraid of losing money.
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