Dealing with trading losses

How to deal with trading losses

25/4/2020

Here's a short video that looks at the two different types of losses, why they might happen and what you could do to reduce the number of losses.

Hope you like it ...

2 Comments

Duane

3/5/2020 04:37:34 am

Hey Snorm,

Great video. Thanks, it really hits home. I have now included a daily, weekly, and monthly percent loss in my trading plan. One thing that you did not mention was moving your stop loss. I guess that is such a rookie mistake that it need not be mentioned, but is a fatal flaw of mine. As you have said, " patience and discipline can not be purchased ". And in the words of Mr Livermore, " the game taught me the game, and it did not spare the rod" Ouch!!

Steve

3/5/2020 08:00:14 am

Hey Duane. Thanks very much for the feedback; I'm glad you liked it.
Re 'moving your stop loss' ... I intend to do another video on trade management (without doubt, the hardest aspect of trading) at some point in the near-ish future - that will probably just go into the trading course.
All the best

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How to deal with trading losses

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