A short YouTube talk by Kardec Trader ("Good Traders are Great Losers") advising traders on the necessity of accepting and managing losses. The speaker emphasizes that most trades will be wrong, that traders must understand why they lose, control emotions when losses occur, and apply proper risk management so winning trades can compound gains.
You need to know how to lose. And I see a lot of traders that aren't profitable. They have a difficult time losing. It could be because of ego, it could be because they don't know how to deal with losses. But the idea is to understand why are you losing when you do lose, being okay with it. Most of trading you will be wrong. Most of trading, you will lose. The little trading you do win in is the trading that will compound and make the most money. If you have the proper risk management. I see traders. They'll have good months, good weeks. But the moment it's time for them to lose or they do lose, they go crazy. They'll go erratic. They do not know how to control themselves. They do not know how to manage the loss.
