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HTML Learn To Like Your Losses Learn To Like Your Losses Author: Larry PotterSounds almost morbid doesn't it? Well, maybe it is....but losses are a fact of life and your ability to take them systematically without fault is key to your long term success. You see, every system ever designed and traded has suffered losing trades and most have had several losing trades in a row. Even short term systems that purport a high percentage of winners will hit periods of 3-4-5 losses in a row. If you stop taking the signals, then your gauranteed to lose and never get back your money. Ironically, after a losing streak, is when a system will normally bank a series of winners or the one big profit trade. So the next time you find yourself mired in a drawdown, take some satisfaction in knowing that losing periods happen to everyone and that if you stay disciplined, your method will most likely carry you through it. Realize that the pressure you feel to quit, is the pressure that every trader feels at some point and it's how you handle that pressure that defines your ultimate success. Winners trade through it and losers don't, it's just that simple in most cases. Now please, the above discussion is based on the assumption you have a sound trading method and you implement proper risk management. If you don't have those two variables nailed down, all the persistence in the world will not help you. For More Free Trading Tips, go to: http://stock-trading-tips-short-term.blogspot.com Article Source: http://www.articlealley.com/article_102294_19.html Text Learn To Like Your Losses Author: Larry Potter Sounds almost morbid doesn't it? Well, maybe it is....but losses are a fact of life and your ability to take them systematically without fault is key to your long term success. You see, every system ever designed and traded has suffered losing trades and most have had several losing trades in a row. Even short term systems that purport a high percentage of winners will hit periods of 3-4-5 losses in a row. If you stop taking the signals, then your gauranteed to lose and never get back your money. Ironically, after a losing streak, is when a system will normally bank a series of winners or the one big profit trade. So the next time you find yourself mired in a drawdown, take some satisfaction in knowing that losing periods happen to everyone and that if you stay disciplined, your method will most likely carry you through it. Realize that the pressure you feel to quit, is the pressure that every trader feels at some point and it's how you handle that pressure that defines your ultimate success. Winners trade through it and losers don't, it's just that simple in most cases. Now please, the above discussion is based on the assumption you have a sound trading method and you implement proper risk management. If you don't have those two variables nailed down, all the persistence in the world will not help you. For More Free Trading Tips, go to: http://stock-trading-tips-short-term.blogspot.com Article Source: http://www.articlealley.com/article_102294_19.html About the Author: Article Title: Article Keywords: return to article
Text Learn To Like Your Losses Author: Larry Potter Sounds almost morbid doesn't it? Well, maybe it is....but losses are a fact of life and your ability to take them systematically without fault is key to your long term success. You see, every system ever designed and traded has suffered losing trades and most have had several losing trades in a row. Even short term systems that purport a high percentage of winners will hit periods of 3-4-5 losses in a row. If you stop taking the signals, then your gauranteed to lose and never get back your money. Ironically, after a losing streak, is when a system will normally bank a series of winners or the one big profit trade. So the next time you find yourself mired in a drawdown, take some satisfaction in knowing that losing periods happen to everyone and that if you stay disciplined, your method will most likely carry you through it. Realize that the pressure you feel to quit, is the pressure that every trader feels at some point and it's how you handle that pressure that defines your ultimate success. Winners trade through it and losers don't, it's just that simple in most cases. Now please, the above discussion is based on the assumption you have a sound trading method and you implement proper risk management. If you don't have those two variables nailed down, all the persistence in the world will not help you. For More Free Trading Tips, go to: http://stock-trading-tips-short-term.blogspot.com Article Source: http://www.articlealley.com/article_102294_19.html About the Author:
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