Kardec TraderFutures Trader. Creator of The Midas Touch. Mentor

Are You Losing Money In Trading? Watch this

5 Sept 2023 · 1 min

Watch on YouTube

0:53

The speaker (Kardec Trader) argues that losing money is inevitable in trading and the skill is not avoiding losses but learning to lose well. The video contrasts "good losing" (taking losses, diagnosing mistakes, adjusting) with "bad losing" (letting losses lead to revenge trading, large drawdowns, or blown accounts) and includes a personal example where the speaker lost about $13,000 and explains how they identified mistakes and recovered.

Chapters

No matter how good of a trader you are, you will lose money. Losing is a part of the game. Now, our job is not to avoid losing money, but it's to become better at losing when it comes to trading. Now, most traders, when they get started and they have a losing period or a losing trade, they allow that loss to affect them very, very bad with a go until or have a massive drawdown or ultimately blow their account. Good traders are able to take losses and they're able to adjust by identifying what the mistakes are, what they have to do, and what they need to work on to actually get out of slump. In this video, I want to talk about good losing versus bad losing. I want to talk about how to become a good loser in trading. And then I also want to share one of my personal losses I recently had where I lost about $13,000 and how I'm able to identify my mistakes and recover from a trading loss. So with that being said, let's dive into good losing versus bad losing.