How Society Programs Bad Traders: Losing Money, Being Wrong 😶

Being Wrong and Losing Money. http://www.financial-spread-betting.com/strategies/losing-positions.htmll PLEASE LIKE AND SHARE THIS VIDEO SO WE CAN DO MORE How society programs bad traders. We are programmed from a very early age that mistakes are wrong and that suffering losses is wrong. Of course there is no room for being wrong in some occupations like being a doctor or builder. However in trading it is a fundamental part of the game - a lot of your trades are going to lose money. Secondly, we are taught to hold tight to money. So for them to lose money is like giving away time for free. As such we have this combination - Number 1 is you're wrong and Number 2 you're losing money. Some people are less bothered about losses or being wrong but when you combine the two it can hurt. You have to accept that losses are part of your trading; look at losses like an expense for your business. You can do everything right as a trader yet still lose money! You can be following your plan yet you still encounter a long series of losing trades and this is where you need to be persistent. Lastly there are so many variables to trading.

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