Short monologue by Kardec Trader advising that traders can only control their losses (via stops and position sizing) and that psychological tolerance for losses improves with experience and success.
Only thing we can do as traders. We can basically just control our losses as much as possible. We can limit them, we can, you know, manage them before we get into a trade, put our stops in place, take the according position, size, and that's really about it. Besides that, if you hit a few losses, understand why you hit those losses, 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.
