Let’s say you enter a trade, and minutes later, your stop-loss is close to being triggered.
This is a super short post.
As I sit back and reflect on my journey as a trader –where I was and where I am today– I can clearly point out the things I didn’t get right at first.
For instance, one of the fundamental lessons I’ve learned and come to accept is that control in the markets is an illusion.
Let’s be clear: losses are not a problem. To look at them as problems is to take a wrong step. They’re part of this business. Everyone goes through them. You can’t avoid them. The best you can do is to minimise their impact through strategic risk management.
But, it’s true, even then, the act of taking a loss is inherently painful.