How to Handle Losing Trades

Market Adventures: The Journey to Financial Freedom

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Confirm

Did I follow my strategy? Did I deviate in any way?

Analyze

Was the outcome a result of something outside of my control? Did I ignore any red flags?

Accept

Trading the markets is a probabilities game. LOSING IS ESSENTIAL or the platform for earning this money wouldn’t exist.

(THE REALITY) The market is a zero sum game. Buyers lose. Sellers lose. The house always wins.

Purest form of competition because everyone is a voluntary player, offering their money in the hopes of taking more out than they put in. In short, you’re trying to take someone else’s money because they’re trying to take yours, make no mistake.

So, because the nature of the game is a contest. We can only work to win more often than we lose, but not to never lose.

The last step is key. If you have confidence in your plan and accept that there is risk and it’s all probabilities, you’ll be ready for the next trade that works in your favor.

ANOTHER KEY: Don’t try to make up the loss. That’s like asking a casino for money back because you bet wrong. No, once you’ve gone through acceptance, that last trade DOESN’T exist anymore except in that it reminds you that you’re 1 step closer to your winner. That’s it.

After a string, it may be your strategy.

Reevaluate with confidence, not concern

Attack. Next time you trade, approach with confidence

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