Kardec Trader explains why break-even trades matter more than chasing big wins. Risk $1,000 and treat getting back to break-even as a win because it kills the psychological loss. Focus on reclaiming key intraday levels and know when to accept you're wrong.
I am very, very fond of break even trades. As soon as I'm in this trade here, let's just say I'm risking 1k dollars. The moment that I can claw this back is a win for me because in my head I just lost 1k and if I can get break even here and I'm suddenly break even, I no longer am down 1k in my head. That for me is the real differentiator between a lot of people. A lot of people only see the reward and don't focus on the risk. I really emphasize the risks and get break even. When I'm like either my intuition is like this doesn't look good because that is also a real thing but also the Mod hourly low 15 minute low. We're now reclaiming. Okay, I don't want to see that trade back into the open. I don't want to see that higher time frame candle flip bullish. After that, candle flips bearish and we take out the high because statistically if it does, I'm wrong.
