A short YouTube video by Kardec Trader about accepting losses as an inherent part of trading and how to manage them. The speaker emphasizes that losses will occur even for skilled traders and recommends controlling losses via position sizing, stop placement, and pre-trade planning; emotional difficulty with losses tends to lessen as one achieves consistent success.
So in my early days of trading, when I would lose, when I would be wrong, it would hurt me a lot more than it does now. I've gotten very accustomed to understanding that losses are a part of the game. No matter what you do, how good of a trader you are, you will come across losses. And the only thing we can do as traders, we can basically just control our losses as much as possible, right? We can limit them, manage them before we get into a trade, put our stops in place, take the according position, size, and that's really about it. Over time, it does change, because you do achieve a level of success that makes it very comfortable to lose a couple of times. So if you have a hard time with losses now, give it time. Once you do come to that level of success, as I mentioned, it does get easier.
