Things I lost would completely crush my heart.
A single red trade might make me really upset, unsure of my choices and have a negative impact on my week.
When I stopped avoiding any losses and studied what happened, everything changed.
Whenever I have a loss, I consider it another victory because things are only temporary.
This is how I found a way to build on my challenges đ
đ 1. For Every Deal I Do, I Log the Outcome
I donât only save charts as images. I make a note of:
Why a prospect is being screened and if they have been contacted before
âą Emotions play a role before, when emotions are high and after
âą The ways in which I could have done things differently
What I will try to do going forward
It makes every losing trade a lesson for you.
đ§ 2. I Ask Perhaps the Key Question:
Was this a failure because the trade was bad or did success come from sheer luck?
Should I feel happy with my process, then Iâm still satisfied with the outcome, loss or win.
When my decision is bad, I go over it and learn from my analysis.
đŻ 3. I Work on the Steps, Not on What Results They Lead To
A strong trade still has the risk of failure.
Having some bad trades can result in wins.
However, over the years it is only your execution that really makes a difference.
I look at how closely I stuck to my edge, not the color I achieved.
đ 4. I Evaluate Weekly â Not in an Emotional Way
I constantly go through my journal on weekends and write down my goals:
State of the art setups
â Moving money because of your emotions
đ€ Wasted chances
At this point, I update my strategy using facts which are more reliable than my feelings.
đ 5. After I started focusing on better losses, my win rate rose.
When I accepted that losses go with the journey, my whole perspective improved.
No tilt.
No trades where the reasoning is solely to get revenge for something.
Just thinking things over â making improvements â getting useful results.
Losses are the money you pay for tuition.
Be humble in the market and it will give you wisdom.
Now, red trades make me smile, because with every one I get better at trading đ§ââïžđ