Short, first-person trading-reflection from Kardec Trader explaining how they analyze individual trades. The speaker outlines a simple checklist (did I lose my predefined risk, was the trade part of my game plan, did I have an entry signal) and emphasizes accepting losses that followed the plan as "good losses," while checking whether tweaks are needed or they were simply wrong.
So if I have a trade, I ask myself, did I lose my predefined risk amount? Was this trade part of my game plan? Did I have an entry signal with this setup? Now, if the trade does fall under the realm of I had an entry signal. I followed my risk plan. It was in my game plan. Everything with that trade really worked out, but the trade still didn't go in my favor. I'll take that loss and I'll say, you know what? This was a good loss. It's okay. It's going to happen. Is there anything I need to tweak, or was I just wrong?
